Solved

Biff Signs a Note "Payable to the Order of County

Question 3

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) lateral.
B) primary.
C) secondary.
D) tertiary.

Related Questions

Q1: An unauthorized signature will not bind the

Q2: Intentional cancellation of an instrument discharges the

Q4: Delores's Restaurante borrows $100,000 at 6 percent

Q5: Kris is an administrative assistant with Little

Q6: On January 1,Kane issues a note payable

Q7: Universal defenses are good against all holders

Q8: Cole issues a note "payable to the

Q9: If delivery of goods becomes impossible,a party

Q11: Molly signs a promissory note payable to

Q69: The dishonor of an instrument relieves secondary