Asked by Santiago alzate on Jul 02, 2024
Verified
What is the name of the party that 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.
Instrument
A formal written document effecting legal rights or obligations, such as a contract or financial document.
- Identify the roles and responsibilities of parties involved in negotiable instruments (drawer, maker, endorser, acceptor).
Verified Answer
SJ
Shivam Joshi6 days ago
Final Answer :
D
Explanation :
The endorser is the party that signs an instrument, such as a check or promissory note, to restrict its payment, negotiate it, or incur liability on it to subsequent holders.
Learning Objectives
- Identify the roles and responsibilities of parties involved in negotiable instruments (drawer, maker, endorser, acceptor).