Which of the Following Statements Regarding Instrument Liability Is TRUE

question 11

Multiple Choice

Which of the following statements regarding instrument liability is TRUE?

• A)The holder of an instrument must first ask for payment from those who are secondarily liable.
• B)For any given instrument,only one person can be liable at a time.
• C)A person with primary liability is unconditionally liable and must pay unless he or she has a valid defense.
• D)A person with secondary liability has the same liability to the holder as a person with primary liability.

---

Definitions:

Leadership

The ability to guide, influence, or direct individuals or groups to achieve goals with competence and commitment.

Set Goals

The act of identifying a desired achievement or outcome and establishing steps or objectives to reach it.

Enroll in a New Class

The act of registering or signing up for an additional or new course of study, often implying a venture into learning something new.

Learn a New Skill

The process of acquiring a new ability or knowledge through practice and study.