Fact Pattern 26-1A (Questions A7-A8 apply)
Seymour writes a check on his account at Platinum Bank to Teri to pay a debt.Teri negotiates the check by indorsement to Rosanna,who presents it for payment to Onyx Bank.
-Refer to Fact Pattern 26-1A.Teri is
A)not liable for payment under any circumstances.
B)primarily liable.
C)secondarily liable.
D)simultaneously liable.

Question

Quizplus · Accepted Answer

Teri is secondarily liable as the indorser of the check. She is not primarily liable (as the maker of the check) nor simultaneously liable (as a joint maker or drawer).

Fact Pattern 26-1A (Questions A7-A8 Apply)