Multiple Choice
National bank is reluctant to lend money to James because of his shaky financial condition.However,the bank is willing to lend money to James if he signs the note and a friend also signs the note.Here,the friend serves as the:
A) deponent.
B) accommodation party.
C) fiduciary.
D) non-joinder.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q49: In the case in the text Marion
Q50: A drawee has no liability on a
Q51: In the event of a breach of
Q52: The _ of a promissory note is
Q53: XYZ Bank pays a check that contains
Q55: Potter owes George $500.Potter writes a check
Q56: Brian signs a promissory note for $500
Q57: Jack received a check as payment for
Q58: How can an indorser avoid secondary liability
Q59: Jerry Hall makes out a note for