Which of the Following Is True Regarding Liability on Negotiable

Multiple Choice

Which of the following is true regarding liability on negotiable instruments?

A) Issuers and acceptors are primarily liable for a negotiable instrument, while drawers and endorsers are secondarily liable.
B) Drawers and endorsers are primarily liable, while issuers and acceptors are secondarily liable.
C) Issuers and drawers are primarily liable, while acceptors and endorsers are secondarily liable.
D) Acceptors and endorsers are primarily liable, while issuers and drawers are secondarily liable.
E) Drawers are primarily liable, while issuers, acceptors, and endorsers are secondarily liable.