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When a Party Signs a Negotiable Instrument,which of the Following

Question 1

Multiple Choice

When a party signs a negotiable instrument,which of the following is true regarding the position of that party?


A) The party may be a maker or acceptor, but not a drawer or an endorser.
B) The party may be a maker, acceptor, or drawer, but not an endorser.
C) The party may be a drawer or maker, but not an acceptor or an endorser.
D) The party may be a maker, drawer, or endorser, but not an acceptor.
E) The party may be a drawer, maker, endorser, or acceptor.

Correct Answer:

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