Solved

An Obligation to Pay a Negotiable Instrument Subject to Conditions

Question 70

Multiple Choice

An obligation to pay a negotiable instrument subject to conditions precedent is known as:

A) secondary liability.
B) acceptance.
C) primary liability.
D) dishonor.

Related Questions

Q9: Molly makes a note payable to the

Q11: Primary liability does not apply to issuers

Q16: Elder, an authorized agent for Mullins, signs

Q41: An accommodation party's liability is determined by

Q65: An accommodation party will always be primarily

Q66: Bob took a check written by Jack

Q67: Conversion of an instrument will occur if:<br>A)

Q68: The signature of the maker of a

Q69: To certify a check, the bank must:<br>A)

Q70: Checks, when presented, are automatically certified.