Martin Borrows $15, 000 from Tom, in the Form of a Check

question 28

Multiple Choice

Martin borrows $15, 000 from Tom, in the form of a check, and signs a promissory note, promising to pay Tom this amount plus 10 percent interest in one year.Tom indorses the note and negotiates it to Fronston.Fronston indorses the note and negotiates it to Liza.Liza presents the note to Martin for payment when the note is due.Martin refuses to pay the note.Who is secondarily liable to pay Liza?

• A)Tom
• B)Frontston
• C)all liabilities lie with Martin
• D)the bank that issued the check to Tom

---

Definitions:

Dispersion

Refers to the degree of variation or spread of data points in a dataset.

Range

The difference between the highest and lowest values in a set of data, indicating the spread or dispersion of the data points.

Interquartile Range

A measure of statistical dispersion, representing the difference between the upper (75th percentile) and lower (25th percentile) quartiles in a dataset.