5. ____ is the primary party to a note. a. Endorser b. Maker c. Drawer d. Drawee
ID: 337471 • Letter: 5
Question
5. ____ is the primary party to a note.
a. Endorser
b. Maker
c. Drawer
d. Drawee
6. A ____________ party to an instrument is the person who endorses a negotiable instrument.
a. Performance
b. Primary
c. Secondary
d. Presentment
7. Which of the following is the maker of notes or accepters of drafts?
a. Secured parties
b. Primary parties
c. Secondary parties
d. Brokers of record
8. Executing a note essentially assumes the note has been ______ by the maker.
a. Obligated
b. Negotiated
c. Presumed
d. Accepted
Explanation / Answer
5. ____ is the primary party to a note.
a. Endorser
b. Maker
c. Drawer
d. Drawee
6. A ____________ party to an instrument is the person who endorses a negotiable instrument.
a. Performance
b. Primary
c. Secondary
d. Presentment
7. Which of the following is the maker of notes or accepters of drafts?
a. Secured parties
b. Primary parties
c. Secondary parties
d. Brokers of record
8. Executing a note essentially assumes the note has been ______ by the maker.
a. Obligated
b. Negotiated
c. Presumed
d. Accepted
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