Who may enforce a negotiable instrument? Choose 2 answers. a person not in possession, but who is entitled to enforce a lost, stolen, or destroyed instrument. the holder of the instrument. a person not in possession and from whom the instrument was lawfully seized. a thief who is in possession of a check that is not a bearer instrument. Which of the following is true about signature liability? Any party (except a qualified indorser) who signs the instrument has either primary or secondary liability for payment on the instrument. Any party, without exception, who signs the instrument is primarily or secondarily liable for payment on the instrument: Only a maker or a drawee has signature liability on a negotiable instrument. Only the party who is the maker or drawer has signature liability..

1. Who may enforce a negotiable instrument? Choose 2 answers. a person not in possession, but
who is entitled to enforce a lost, stolen, or destroyed instrument. the holder of the instrument. a
person not in possession and from whom the instrument was lawfully seized. a thief who is in
possession of a check that is not a bearer instrument.
Which of the following is true about signature liability? Any party (except a qualified indorser)
who signs the instrument has either primary or secondary liability for payment on the instrument.
Any party, without exception, who signs the instrument is primarily or secondarily liable for
payment on the instrument: Only a maker or a drawee has signature liability on a negotiable
instrument. Only the party who is the maker or drawer has signature liability.