menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamentals of Business Law Today
  4. Exam
    Exam 17: Negotiability, transferability, and Liability
  5. Question
    Biff Signs a Note "Payable to the Order of County
Solved

Biff Signs a Note "Payable to the Order of County

Question 5

Question 5

Multiple Choice

Biff signs a note "payable to the order of County Credit Union." Unless Biff has a valid defense against payment,Biff's liability on this note is


A) nothing.
B) primary.
C) secondary.
D) conditional.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: Stating on an instrument the underlying terms

Q2: The drawee who signs a draft or

Q3: Ron signs an instrument using an "R"

Q7: A special indorsement names the indorsee.

Q7: Universal defenses are good against all holders

Q9: An instrument that states simply "I.O.U." is

Q11: When an instrument has a forged indorsement,the

Q20: Kelly signs an instrument in favor of

Q35: Muni Investment Company signs a check payable

Q67: A promissory note can be a negotiable

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines