Multiple Choice
A(n) ___________ signs an instrument to lend his credit to an instrument, and his liability is determined by the capacity in which he signs.
A) maker
B) indorser
C) authorized agent
D) accommodation party
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q19: Which of the following is true of
Q20: On the due date, Merrel makes proper
Q21: Who is primarily liable on a note?<br>A)
Q23: Warranty liability applies to persons who:<br>A) Both
Q26: Warranties of a person obtaining payment or
Q27: First Bank returns a check because it
Q28: A signature may be made by an
Q28: If a holder presents a note for
Q29: In Cohen v.Disner the court found that
Q49: Indorsers of all instruments incur primary liability