Multiple Choice
Asa executes a preprinted promissory note to Business Loans without filling in the due date. The bank does not complete the form by adding the date. Asa is
A) not liable for payment on the note.
B) secondarily liable for payment on the note.
C) obligated to pay the note.
D) liable for payment on the note only at his option.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: Ana issues a check drawn on Best
Q63: When a person claims to have been
Q64: Flo is an administrative assistant with Global
Q65: It is not a material alteration to
Q66: Because a maker who issues an incomplete
Q67: Liability for payment on a negotiable instrument
Q68: It is assumed that a drawer or
Q69: A parent who co-signs a note for
Q70: Presentment warranties protect the party to whom
Q72: Employers Company draws a check payable to