Author Question: An accommodation party on a negotiable instrument A)typically receives a direct benefit from the ... (Read 81 times)

skymedlock · **on:** Jun 24, 2018

An accommodation party on a negotiable instrument
A)typically receives a direct benefit from the instrument.
B)is always primarily liable for the instrument
C)is the same as a guarantor under the UCC.
D)has the same liability to a holder as the person for whom he signed.

Question 2

A sale made CIF foreign port implies that the terms of the sale are:
A) credit in foreign currency.
B) cash against documents.
C) credit against documents.
D) settlement pending approval of goods.