Which of the Following Is True Regarding How an Accommodation

question 12

Multiple Choice

Which of the following is true regarding how an accommodation party may sign an instrument?

• A)An accommodation party may sign an instrument only as an endorser or acceptor.
• B)An accommodation party may sign an instrument only as a maker or acceptor.
• C)An accommodation party may sign an instrument only as a maker.
• D)An accommodation party may sign an instrument as a maker,drawer,acceptor,or endorser.
• E)An accommodation party may sign an instrument only as a maker or a drawer.

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Definitions:

Itemized Deduction

Expenses allowed by the IRS that can be subtracted from AGI to reduce taxable income, as opposed to taking a standard deduction.

Credit Cards

Financial instruments issued by banks allowing users to borrow funds to pay for goods and services with the agreement to repay the bank at a later date.

Medical Expense

Expenditures associated with the identification, cure, alleviation, management, or prevention of diseases, along with treatments that influence any aspect or functionality of the body.

Insulin

A hormone produced in the pancreas essential for regulating blood sugar levels, often administered medically to individuals with diabetes.