When a Drawee Accepts a Draft,the Drawee Becomes Secondarily Liable

question 46

True/False

When a drawee accepts a draft,the drawee becomes secondarily liable on the draft,because the drawer has the primary liability for payment.

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Definitions:

Giovani Arnolfini

Likely an error for "Giovanni Arnolfini," who is famously portrayed with his wife in Jan van Eyck’s painting "The Arnolfini Portrait," symbolizing wealth and domestic life in 15th century Bruges.

Man in a Red Turban

A famous 1433 portrait by Jan van Eyck, often thought to be a self-portrait of the artist, notable for its detailed depiction of the subject and the use of oil paint.

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