Which of the Following Is Primarily Liable for a Note

question 25

Multiple Choice

Which of the following is primarily liable for a note?

• A)The maker.
• B)An indorser.
• C)The drawer.
• D)The payee.

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Definitions:

Traits

Distinguishing qualities or characteristics typically belonging to a person, can be genetic or acquired through life experiences.

Concept Of Self

Refers to the way an individual thinks about, evaluates, or perceives themselves.

Identity

Identity refers to the qualities, beliefs, personality, looks, and expressions that make a person or group distinct from others.

Foreclosure

The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on a mortgage.