Multiple Choice
An obligation to pay a negotiable instrument subject to conditions precedent is known as:
A) primary liability.
B) secondary liability.
C) acceptance.
D) dishonor.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: Kelly wrote a check to Trish, which
Q7: a.What warranties are given by an indorser?
Q8: A drawee bank's refusal to certify a
Q9: Molly makes a note payable to the
Q11: Primary liability does not apply to issuers
Q12: Martha wrote a check to Jump, Inc.
Q13: Iris has a checking account at Marconi
Q14: Bob took a check written by Jack
Q15: Morgan is the maker of a promissory
Q47: An accommodation maker is not liable on