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If a Person Signs a Check as an Accommodation Indorser

Question 64

Multiple Choice

If a person signs a check as an accommodation indorser:


A) his contractual liability is that of an indorser.
B) his contractual liability is limited to the payment of the principal.
C) his contractual liability is more than that of an indorser.
D) his contractual liability is limited to the payment of the interest.

Correct Answer:

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