Asked by Feisty Mochi on May 16, 2024
Verified
A(n) ________ is a person who signs an instrument to restrict payment of it,negotiate it,or incur liability.
A) maker
B) acceptor
C) drawer
D) endorser
E) promisor
Endorser
One who issues an endorsement.
- Recognizing the differences among participants including makers, drawers, endorsers, and accommodation parties in negotiable instruments.
Verified Answer
KL
komal lubanaMay 21, 2024
Final Answer :
D
Explanation :
According to Uniform Commercial Code Section 3-204(b),an endorser is a party who signs an instrument to restrict payment of it,negotiate it,or incur liability.
Learning Objectives
- Recognizing the differences among participants including makers, drawers, endorsers, and accommodation parties in negotiable instruments.