Multiple Choice
Which of the following is a party who must pay the stated amount of an instrument when it is initially presented for payment?
A) A party who is secondarily liable.
B) A party who is a drawer and a party who is secondarily liable.
C) A party who is an endorser.
D) A party who is a drawer or an endorser.
E) A party who is primarily liable.
Correct Answer:
Verified
Correct Answer:
Verified
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