Amy is the maker of a note, on which Bert is secondarily liable. Credit Instruments Company (CIC) is the current holder of the note. Bert will be obli-gated to pay the note if
A) Amy defaults on the note.
B) CIC breaches a transfer warranty.
C) CIC negotiates the note to Delta Collection Agency, a third party.
D) CIC presents the note for payment.

Question

Quizplus · Accepted Answer

Bert, as a secondary party, is obligated to pay the note if the primary party, Amy, defaults on it.

Amy Is the Maker of a Note, on Which Bert