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    Business Law Text and Exercises Study Set 2
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    Exam 23: Negotiable Instruments: Transfer and Liability
  5. Question
    A Drawer's Secondary Liability Does Not Arise Until the Drawee
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A Drawer's Secondary Liability Does Not Arise Until the Drawee

Question 4

Question 4

True/False

A drawer's secondary liability does not arise until the drawee fails to pay or to accept the instrument.

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