Which of the Following Is True Regarding the Liability of an Accommodation

Multiple Choice

Which of the following is true regarding the liability of an accommodation party?

A) As a maker,an accommodation party has primary liability,but as an endorser,the accommodation party has secondary liability.
B) An accommodation party has primary liability both as a maker and as an endorser.
C) An accommodation party has secondary liability both as a maker and as an endorser.
D) An accommodation party has primary liability as either a maker or endorser,but only if all other parties to the instrument have filed for and received bankruptcy protection.
E) An accommodation party has primary liability as a maker only if all other parties to the instrument have filed for and received bankruptcy protection,and secondary liability in any other case regardless of whether the accommodation party is a maker or an endorser.