Franz Signs a $1,000 Note Payable to ABC Bank

Multiple Choice

Franz signs a $1,000 note payable to ABC Bank.If, to help Franz get the loan approved, Amy also signs the note as an accommodation maker:

A) Amy's liability is the same as that of an accommodation indorser on a check.
B) the liability of each party to the bank is: Franz $500 and Amy $500.
C) Amy has secondary liability on the note.
D) Amy and Franz both have primary liability on the note.