Solved

Salmond Signs a Note for the Purpose of Lending Credit

Question 65

Multiple Choice

Salmond signs a note for the purpose of lending credit to John.Salmond also makes his father Richard sign the note because of his shaky financial condition.This indicates that Richard has signed the note in the capacity of a(n) :


A) drawer.
B) accommodation party.
C) drawee.
D) indorser.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions