Which of the Following Is True Regarding Liability on Negotiable

question 28

Multiple Choice

Which of the following is true regarding liability on negotiable instruments?

• A) Issuers and acceptors are primarily liable for a negotiable instrument, while drawers and endorsers are secondarily liable.
• B) Drawers and endorsers are primarily liable, while issuers and acceptors are secondarily liable.
• C) Issuers and drawers are primarily liable, while acceptors and endorsers are secondarily liable.
• D) Acceptors and endorsers are primarily liable, while issuers and drawers are secondarily liable.
• E) Drawers are primarily liable, while issuers, acceptors, and endorsers are secondarily liable.

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Definitions:

User Program

A sequence of instructions written by a user to be executed by a computer or other programmable device to perform a specific task.

Machine Operation

The process of controlling or working with a machine, ensuring it performs its intended tasks or functions according to specified parameters or instructions.

Memory

An essential component of computers and other devices, used to store data temporarily or permanently, for the system to access and process information.