Co-Maker

Author:Jeffrey Lehman, Shirelle Phelps

Page 1

One who becomes obligated, an obligor, under a negotiable instrument?such as a check or promissory note?by signing his or her name along with the name of the original obligor, thereby promising to pay on it in full.

A co-maker is a type of accommodation party, who is someone who has signed a COMMERCIAL PAPER to aid someone wishing to raise money on it. An accommodation party lends his or her name to another person and makes a promise to pay the bill or...

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