To determine the value of an instrument, it is necessary to know when the obligations of secondary parties, such as indorsers, will arise.

Question

Quizplus · Accepted Answer

The value of an instrument can be significantly affected by the obligations of secondary parties, such as indorsers, because their guarantee to pay adds to the instrument's security and reliability, thereby influencing its overall value.

To Determine the Value of an Instrument, It Is Necessary