The holder or holder in due course (HDC) of a promissory note made by a minor is entitled to payment under which of the following conditions? The holder or HDC did not know the maker was a minor. If the minor does not assert the defense that he or she is under the statutory age for making a contract, a holder or HDC is entitled to payment. O The minor's signature is legitimate. The holder presents the promissory note to the minor's parents for payment. What does mean to have primary liability on a negotiable instrument? O As soon as a party signs the instrument as a maker or accepts the instrument as a drawee, they are the first to become liable for payment. Primary liability means that as soon as a party signs the instrument as a maker or accepts the instrument as a drawee, they become unconditionally liable for payment, and they are not allowed any defense. O Primary liability means that a maker or drawer is liable for payment only until the instrument is indorsed. O Primary liability means that a holder in due course can collect from any party who signed the instrument. For a party to be subject to contractual liability on a negotiable instrument, what must occur? The party must sign the instrument. An indorsement must contain the words "without recourse." O A drawee must require the proper identification of a payee. O A holder must present the instrument for payment. Which of the following meets the signature requirement on a negotiable instrument? only the full legal signature of the maker or drawer an "X" is sufficient if witnessed by another person O only the printed or handwritten signature of the maker or drawer a symbol or mark used by the maker or drawer with the intent to authenticate the instrument Which of the following will meet the requirement for a negotiable instrument to contain an unconditional promise or order to pay? The amount promised must be certain, but there may be conditions related to how it is paid. The instrument itself cannot contain any condition to payment, but it may refer to another writing that does. The instrument may not contain any condition to payment and may not refer to another writing that governs the payment. The instrument may refer to another writing that contains rights or obligations related to the promise or order