True/False
An accommodation party's liability is determined by the capacity in which he signs.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q36: Warranty liability applies to persons who:<br>A) transfer
Q39: Any kind of notice of dishonor that
Q42: A waiver of presentment will not waive
Q43: JimBob, a guest in Jimbo's house, opens
Q44: Warranties on presentment are the same regardless
Q45: By paying the holder on an instrument,a
Q45: Franz signs a $1,000 note payable to
Q46: Shart is the treasurer of Oaklaw, Inc.
Q53: To certify a check,the bank must:<br>A) tell
Q61: Discuss the effect of an unauthorized signature