A Maker Is Secondarily Liable on a Promissory Note

question 28

True/False

A maker is secondarily liable on a promissory note.

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Definitions:

Major Product

The main product formed in a chemical reaction, which is generated in greater amounts compared to any other product.

Major Product

The chemical species that is formed in the largest amount from a chemical reaction, indicating the most favorable pathway under the given reaction conditions.

Major Organic Product

The primary chemical product formed in the highest yield during a chemical reaction, especially in organic synthesis reactions.

Butanoic Acid

An organic compound, also known as butyric acid, with a formula of C4H8O2, known for its unpleasant smell and used in the manufacture of esters for flavors and perfumes.