Which of the Following Type of Liability Establishes That the Party

question 49

Multiple Choice

Which of the following type of liability establishes that the party must pay the amount due on the instrument if the primarily liable party defaults?

• A) A party who has transfer liability.
• B) A party who has acceptor liability.
• C) A party who has maker liability.
• D) A party who has secondary liability.
• E) A party who has recognition liability.

---

Definitions:

Digital Recorder

An electronic device designed to record and store audio or video signals digitally for later playback or processing.

Interviewee

A person who answers questions during an interview, typically the one being interviewed.

Interviewer

A person who asks questions to another individual, known as the interviewee, in a formal or informal setting, often for the purpose of gathering information, evaluating qualifications, or for media publication.

Locating

The act of finding or establishing the position of something, often used in legal contexts to refer to identifying persons, assets, or information.