Which of the Following Is a Party Who Must Pay

question 14

Multiple Choice

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

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

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Definitions:

Information-Processing Theory

The idea that human cognition and comprehension occurs step by step, similar to the way that input, analysis, and output occur via computer.

Animals' Brains

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The process by which individuals influence their emotions, how they experience them, and how they express them.

Selective Attention

is the cognitive process of focusing on specific information while ignoring other irrelevant information.