menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 27: Liability, Defenses, and Discharge
  5. Question
    An Indorser Is Secondarily Liable on an Instrument
Solved

An Indorser Is Secondarily Liable on an Instrument

Question 5

Question 5

True/False

An indorser is secondarily liable on an instrument.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: An unauthorized signature binds the person whose

Q2: Realty Acquisitions borrows $1,000,000 at 4 percent

Q3: Rubin writes a check drawn on his

Q4: The completion of an originally incomplete instrument

Q6: Under the fictitious payee rule, an innocent

Q7: Notice of dishonor can be given in

Q8: Warranty liability arises only from a transferor's

Q9: When an instrument has a forged indorsement,

Q10: Presentment warranties can be disclaimed only with

Q11: Lewis makes a note payable to MaxiFinance

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