An accommodation party is secondarily liable if the accommodation is in a ________.
A) guarantee of promise
B) guarantee of demand
C) guarantee of collection
D) guarantee of payment
Correct Answer:
Verified
Q7: The payee of a cashier's check is
Q8: Those who disclaim liability and are not
Q9: Those who are secondarily liable on negotiable
Q10: In the context of instruments that are
Q11: A person cannot be held contractually liable
Q13: Martin borrows $15,000 from Tom, in the
Q14: Liability on a negotiable instrument that is
Q15: Marks used in lieu of a written
Q16: _ is a demand for acceptance or
Q17: A check is only accepted once it
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