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Sloan [31]
3 years ago
8

Primary liability is .

Business
1 answer:
KatRina [158]3 years ago
7 0

Answer:

A. Liability is <u>IMMEDIATE</u> when the instrument is signed or issued.

B. Only makers and <u>ACCEPTORS</u> of instruments are primary liable.

C. It is the maker's promise to <u>UNCONDITIONALLY PAY</u> that renders the instrument negotiable.

D. The <u>MAKER</u> must pay a negotiable instrument according to either its stated terms or <u>CONDITIONAL</u> terms that were agreed on and later filled in to complete the instrument.

An acceptor is a drawee, such as a <u>BANK</u>, that promises to pay an instrument when it is presented later for payment.

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