a. In this diagram, who is primarily liable on the note?
b. Who is secondarily liable to Trustie if Shane refuses to pay?
c. If Hannah pays Trustie, can she demand payment from Christian?
d. Why isn't Christian liable to people who came before him?
An indorser is anyone, other than an issuer or acceptor, who signs an instrument. Indorsers are only secondarily liable; they must pay if the issuer or drawee does not. But indorsers are only liable to those who come after them in the chain of ownership. See the diagram on p. 562 of the text.