Question

Kinds of Negotiable Instruments
The liability of the maker of a pro-note is -.

• A. Secondary and conditional
• B. Primary and absolute
• C. Primary and conditional
• D. Secondary and absolute

Answer 1

Answer: (B)

Primary and absolute

The liability of a maker of a note is primary and absolute and without any condition. He undertakes or promises to pay the instrument at all events, according to the tenor of the instrument. Since he is a party of primary liability, the holder of an instrument, in order to bring suit thereon, is under no obligation to make a presentment for payment.