Which of the Following Is True of the Obligations of a Maker

question 45

Multiple Choice

Which of the following is true of the obligations of a maker?

• A)The maker of a promissory note is secondarily liable for payment of it.
• B)He makes a conditional promise to pay a fixed amount of money.
• C)The obligation of the maker is to pay the negotiable instrument according to its terms at the time he issues it.
• D)The obligation of the maker is owed to an indorser,who is a person entitled to enforce the instrument.

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Definitions:

Moral Problem

Poses major ethical consequences for the decision maker or others.

Ethically Uncomfortable Alternatives

Choices or options that present moral dilemmas or discomfort due to potential harm or ethical issues.

Utility Question

A query aimed at determining the usefulness or practical value of information, actions, or decisions.

Crisis Environments

Situations or settings characterized by instability, danger, or uncertainty, requiring urgent attention and action.