Question

An outside party issued a note to Affiliate X, who then sold the note to Affiliate Y. Y discounted the note at an unaffiliated bank, endorsing it with recourse. Which party is primarily liable and which party is contingently liable for the note?



$1.99
Sales0
Views42
Comments0
  • CreatedJune 19, 2015
  • Files Included
Post your question
5000