a(n. _____ is one who signs a negotiable instrument in order to lend her name to another party to the instrument.

Question

Quizplus · Accepted Answer

An accommodation party is one who signs a negotiable instrument as a favor to another party to the instrument, providing that party with creditworthiness or the appearance thereof. The accommodation party is liable on the instrument if the primary obligor fails to pay. Choices A, B, C, and E are not accurate descriptions of this type of party.

A(n _____ Is One Who Signs a Negotiable Instrument in Order