The Maker Is the Primary Party on Every Note

question 33

True/False

The maker is the primary party on every note.

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Definitions:

Plaintiff

An individual or entity that initiates a lawsuit or legal action against another party, known as the defendant.

Defective

Pertains to a flaw or deficiency in a product that makes it unsafe or unfit for its intended use.

Manufacturers

Entities engaged in the conversion of raw materials or components into finished goods for sale.

Liability

A legal responsibility or obligation, often financial in nature.