Who Is Primarily Liable on a Note

question 40

Multiple Choice

Who is primarily liable on a note?

• A) The maker.
• B) The indorsers.
• C) The drawee bank.
• D) The holder.

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Definitions:

Imminent Bomb Threat

A situation where there is an immediate and credible indication or warning that a bomb is likely to be detonated.

Ambulance

A vehicle specifically designed and equipped for transporting sick or injured people to a medical facility.

Negative Childhood Experience

Any distressing event or situation encountered during childhood that can have long-lasting adverse effects on an individual's mental, physical, or emotional health.

Confederate

A research assistant pretending to be another participant in a study.