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majestico majestico
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7 years ago
When Major endorsed customer Minor's note to Story County Bank, Major agreed to pay the note at maturity if Minor failed to pay. Major's liability is a(n):
A) contra-liability.
B) contingent liability.
C) regular liability.
D) absolute liability.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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#1
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7 years ago
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majestico Author
wrote...
#2
7 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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