What Is Needed for a Party to Be Considered Secondarily

question 68

Multiple Choice

What is needed for a party to be considered secondarily liable on an instrument?

• A) The instrument must be properly presented for payment.
• B) The instrument is dishonored.
• C) The notice of dishonor must be timely.
• D) The notice of dishonor must be given to the person to be held secondarily liable.
• E) All of these are correct.

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