alleryStart learning →A maker of a promissory note and an acceptor of a bill are liable as:
AMere agents
BCo-guarantors
CSureties only
DPrincipal debtors
Answer & Solution
Correct answer: D. Principal debtors
Section 37 makes the maker, the acceptor and the drawer before acceptance principal debtors, with other parties as sureties.
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Related questions
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