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An Accommodation Party is Group of answer choices a party who may be sued by a maker of a note when the maker does not
An Accommodation Party is
Group of answer choices
a party who may be sued by a maker of a note when the maker does not pay the note
an accommodation party will usually be a comaker or anomalous indorser.
a party who agrees to lend his credit to an instrument but is not liable on that instrument
a person who signs an instrument to benefit the accommodated party either by signing at the time value is obtained by the accommodated party or later, and who is not a direct beneficiary of the value obtained.
a nonpayor, but a guarantor of the holders interest.
a party who signs an instrument to lend name as credit to another party on the instrument and is liable on that instrument
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