What Is Needed for a Party to Be Considered Secondarily

Multiple Choice

What is needed for a party to be considered secondarily liable on an instrument?

A) The instrument must be properly presented for payment.
B) The instrument is dishonored.
C) The notice of dishonor must be timely.
D) The notice of dishonor must be given to the person to be held secondarily liable.
E) All of these are correct.