Which of the Following Parties Has Primary Liability on a Draft

question 10

Multiple Choice

Which of the following parties has primary liability on a draft?

• A) The drawee.
• B) The acceptor.
• C) The drawer.
• D) Any accommodation parties.

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Definitions:

Utilitarianism

is an ethical theory that advocates for actions that maximize happiness or benefit for the largest number of people.

Ethical Theory

Philosophical reasoning that guides individuals in determining what is morally right and wrong in human conduct.

Co-payment Fees

Charges that patients pay out of pocket for a portion of their medical services or prescriptions, in addition to what their insurance covers.

Utilitarianism

A moral theory that advocates for actions that maximize happiness or well-being for the greatest number of people.