Ask Question
BusinessBusiness
7 June, 13:07

The main difference between an accommodation maker and an accommodation indorser is:

+1
Answers (1)
  1. 7 June, 13:43
    0
    Accommodation maker are the one who sign the agreement without receiving any compentation or other benefits. They guarantees the debt of other person. He can be maker, endorser, or acceptor.

    The main difference between an accommodation maker and an accommodation indorser:

    Accomodation maker are the one who identitfy himself in the note as the one who is udertaking to pay due. They sign on the right hand side corner of an instrument.

    Accomodation endorser are the one who endorse to pay the credit liablity of other person. They sign on the back of an instrument.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The main difference between an accommodation maker and an accommodation indorser is: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Cameron has applied for a loan to expand his young business. When bankers look for evidence of whether he will be able to repay a loan, they usually base their assessment on what?
Answers (1)
Which of the following is NOT a benefit of designing for producibility? [Identify the methods and objectives of manufacturing that influence system design.] a. Little or no testing required b. Lower overall cost c. Quicker product introduction d.
Answers (1)
Which of the following gap maps was developed to deal with the fact that users may make purchase decisions based on "phantom" attributes that they cannot identify or verbalize? a. AR perceptual GAP maps b. OS perceptual GAP maps c.
Answers (1)
Minion Corp. has the following information available for 20X1: Beginning Accounts Receivable account balance (Jan 1) $ 65,000 Accounts receivable specifically written-off during the year 10,000 Credit sales during the year 1,540,000 Collections on
Answers (1)
The market value of Firm L's debt is $200,000 and its cost of debt is 7%. The firm's equity has a market value of $400,000, its earnings are growing at a 4% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%.
Answers (1)
New Questions in Business
A teacher writes the results of a test on the board: 7 students received a's, 10 students received b's, 18 students received c's, 4 students received d's and 1 student received an f.
Answers (1)
Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $34,000.
Answers (2)
Suppose the following two events occur in the market for elementary school teachers: a. Overcrowded schools and education budget cuts have discouraged young college students from pursuing careers in teaching. b.
Answers (1)
A local university is facing some tough decisions, so they are using the decision tree, which contains individuals, websites, and organizations that specialize in handling sensitive and difficult decisions. A. True B. False
Answers (1)
Samson Corporation issued a 4-year, $75,000, zero-interest-bearing note to Brown Company on January 1, 2020, and received cash of $47,664. The implicit interest rate is 12%.
Answers (1)
Home » Business » The main difference between an accommodation maker and an accommodation indorser is:
Sign Up Forgot Password?