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A Discuss Primary Liability on a Note; on a Check

Question 48

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a. Discuss primary liability on a note; on a check.
b. What is secondary liability? What must be done before a person with secondary liability can be sued? Who has secondary liability on a note? Who has secondary liability on a check?
c. How does contractual liability on the instrument differ from warranty liability?

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a. If a person is primarily liable on a ...

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