True/False
A note signed by both A and B on which they have joint and several liability is one on which A is responsible for one-half of the note and B is responsible for one-half of the note.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q37: An unqualified endorsement imposes upon the endorser
Q38: Most notes are witnessed and notarized.
Q39: Usury statutes establish a minimum rate of
Q40: A deed in lieu of foreclosure may
Q41: A foreclosure sale by a trustee of
Q43: A promise to pay the debt of
Q44: The penalty for usury in some states
Q45: Nonnegotiable notes are not enforceable.
Q46: An endorser who endorses a note without
Q47: An unqualified endorsement contains no warranties.