Multiple Choice
A person who is secondarily liable is like a(n) :
A) guarantor on a contract.
B) assignor.
C) assignee.
D) drawer.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: Who is entitled to enforce an instrument?
Q21: The indorser's liability is discharged if the
Q22: A signature not "authorized" when it is
Q23: The imposter rule regarding negotiable instruments:<br>A)was devised
Q26: A non-indorsing transferor:<br>A)makes all five transferor's warranties
Q27: Conversion of an instrument:<br>A)is an authorized assumption
Q28: Mila borrows $1,000 from Pedro to pay
Q29: James draws a check on his account
Q30: Alice drew a check on her account
Q41: No person is contractually liable on a