menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 1
  4. Exam
    Exam 24: Liability,Defenses and Discharge
  5. Question
    The Drawer of a Draft Has Primary Liability on the Draft
Solved

The Drawer of a Draft Has Primary Liability on the Draft

Question 56

Question 56

True/False

The drawer of a draft has primary liability on the draft when it is issued.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: An accommodation party can sign:<br>A) only as

Q51: Unqualified indorsers have no liability on negotiable

Q52: When does acceptance of a draft occur?<br>A)

Q53: What is the purpose of the Federal

Q54: A check,which is a special form of

Q55: Qualified indorsers and agents that properly sign

Q57: What is the purpose and effect of

Q58: A special form of appointment is necessary

Q60: Qualified indorsers are secondarily liable on instruments

Q61: The transferor of a negotiable instrument warrants

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines