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

Question

Quizplus · Accepted Answer

Indorsers and drawers are typically secondarily liable on an instrument. This means they are liable if the primary party (maker or acceptor) defaults and certain conditions are met, such as proper presentment, dishonor, and notice of dishonor.

Parties That Are Usually Secondarily Liable for an Instrument Are