Only the maker of the note is obligated to pay an instrument without reservations of any kind.

Name: Only the maker of the note is obligated to pay an instrument without reservations of any kind.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The following are obligated to pay an instrument without reservations of any kind, or primarily liable: (1) the maker of a note; (2) the issuer of a cashier's check or other draft in which the drawer and the drawee are the same person; and (3) the acceptor of a draft.

Only the Maker of the Note Is Obligated to Pay