Which of the Following Is True of Primary Liability? ​

question 8

Multiple Choice

Which of the following is true of primary liability? ​

• A)A maker of notes does not carry a primary liability.
• B)A drawee is liable only by writing "accepted" and signing the draft.
• C)A person with primary liability is liable to pay before the instrument is due.
• D)An acceptor of drafts does not carry a primary liability.

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Definitions:

Ethnic Identity

A person's sense of belonging to a specific ethnic group, along with the cultural characteristics and social patterns that denote membership in that group.

Multidimensional Acculturation

The complex process by which individuals and groups adopt the cultural norms and values of another culture, involving various dimensions such as behavior, values, and identity.

Trauma Survivors

Individuals who have lived through a traumatic event and are dealing with the aftermath, including potential physical, psychological, or emotional effects.

Acculturation

The process by which individuals adopt the cultural traits or social patterns of another group, often occurring in immigrant populations.