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    Business
  3. Study Set
    Dynamic Business Law Study Set 1
  4. Exam
    Exam 18: Holder in Due Course, Liability, and Defenses
  5. Question
    A Party Who Is ________ Liable Is Responsible for Paying
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A Party Who Is ________ Liable Is Responsible for Paying

Question 3

Question 3

Multiple Choice

A party who is ________ liable is responsible for paying the amount designated on an instrument if the primarily liable party defaults.


A) primarily
B) secondarily
C) customarily
D) statutorily
E) strictly

Correct Answer:

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