Parties that are usually secondarily liable for an instrument are:
A) acceptors and drawers.
B) makers and indorsers.
C) indorsers and drawers.
D) makers and acceptors.

Question

Quizplus · Accepted Answer

Indorsers and drawers are typically secondarily liable on an instrument. This means they only become liable if the primary party (such as the maker or acceptor) defaults and proper notice of dishonor is given.

Parties That Are Usually Secondarily Liable for an Instrument Are