Which of the Following Is True Regarding Liability on Negotiable

question 45

Multiple Choice

Which of the following is true regarding liability on negotiable instruments?

• A)Issuers and acceptors are primarily liable for a negotiable instrument,while drawers and endorsers are secondarily liable.
• B)Drawers and endorsers are primarily liable,while issuers and acceptors are secondarily liable.
• C)Issuers and drawers are primarily liable,while acceptors and endorsers are secondarily liable.
• D)Drawers are primarily liable,while issuers,acceptors,and endorsers are secondarily liable.
• E)Acceptors and endorsers are primarily liable,while issuers and drawers are secondarily liable.

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Definitions:

Mantle-Derived Magmas

Magmas that originate from melting processes within the Earth's mantle, often associated with tectonic activity and volcanic eruptions.

Continental Crust

The thick, buoyant part of Earth's crust that forms the continents, characterized by a diverse composition of rock types.

Decompression Melting

Melting that occurs when rock ascends in the Earth's mantle, reducing pressure and causing it to melt without heating.

Mantle-Derived Magmas

Refers to magmas that originate from the Earth's mantle, the thick layer of silicate rock between the crust and the core.