Signature liability on the instrument


Question: Of the following roles that persons who sign a negotiable instrument can play, which do not have signature liability on the instrument?

a. Authorized signers, qualified endorsers, and those signing properly as an authorized agent.

b. Qualified endorsers and those signing properly as an authorized agent.

c. Accommodation signers and qualified endorsers.

d. Accommodation signers, qualified endorsers, and those signing properly as an authorized agent.

e. None of these is correct because anyone who signs an instrument incurs signature liability.

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Business Law and Ethics: Signature liability on the instrument
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