Primarily liable. The person primarily liable on a negotiable instrument is the person upon whom
rests the absolute requirement to pay it; all other parties are secondarily liable.  The maker of a
note is primarily liable, while an indorser is secondarily liable. When a draft has been accepted the
acceptor is primarily liable, while the drawer is secondarily liable. When, however, a draft has not
been accepted the drawer is primarily liable. The drawer (issuer) of a check is primrrily liable, while
an indorser is secondarily liable. An indorser is always secondarily liable.