Which of the Following Is True Regarding Liability on Negotiable

question 76

Multiple Choice

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

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

---

Definitions:

New Englanders

Residents of the New England region of the United States, known for their unique cultural, historical, and social attributes.

Indians

generally refers to the people of India, a country in South Asia with a diverse culture, or can also denote the indigenous peoples of the Americas, often used historically.

Savagery

A term historically used to describe a state of living perceived as primitive, uncivilized, or brutally violent; often employed in a derogatory and ethnocentric manner.

Thomas Hooker

A prominent Puritan colonial leader, who founded the Colony of Connecticut after dissenting with Puritan leaders in Massachusetts.