Two types of liability, contract and warranty, are imposed on parties to a negotiable instrument. Which of the following statements about liability is false? 5. A. Accommodation parties and agents signing a negotiable instrument on behalf of a principal have either contract or warranty liability. B. Every party, except a qualified endorser, who signs a negotiable instrument is either primarily or secondarily liable for payment of the instrument. C. Any person who transfers a negotiable instrument and receives consideration for it is subject to transfer warranties to any subsequent good-faith transferee unless the seller is transferring a bearer instrument without an endorsement. D. The secondary liability of an endorser of a negotiable instrument to pay upon dishonor applies only to a person entitled to enforce the instrument or to a subsequent endorser and not to prior parties