Which Type of Party Must Pay the Stated Amount of an Instrument

question 18

Multiple Choice

Which type of party must pay the stated amount of an instrument when it is initially presented for payment?

• A)A party who is secondarily liable
• B)A drawer or a party who is secondarily liable
• C)An endorser
• D)A drawer or an endorser
• E)A party who is primarily liable

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Definitions:

Cyberterrorism

The use of the internet for terrorist activities, including attacks on information systems to intimidate or coerce governments, civilians, or for ideological or political reasons.

Physical Harm

Injury or damage to the body caused by accidents, violence, or other actions that result in pain or impairment.

Political Agenda

A set of policies or objectives outlined by political parties, candidates, or organizations intending to influence public policy and decision making.

Encryption

A method used to convert data into a coded format to prevent unauthorized access.