Under the Uniform Commercial Code's Indorsers' Liability Rules,drawers of Checks

question 51

Multiple Choice

Under the Uniform Commercial Code's indorsers' liability rules,drawers of checks and drafts and unqualified indorsers of negotiable instruments have ________ liability on the instruments.

• A) conditional
• B) stipulated
• C) primary
• D) secondary
• E) tertiary

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Definitions:

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A U.S. government agency tasked with coordinating the response to disasters that occur in the United States and overwhelm local and state authorities.

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The 43rd President of the United States (2001–2009), known for leading the country during the September 11 attacks and initiating the Iraq War.

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