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| Wixstad asked Montrose, his father-in-law, to sign a note as an accommodation comaker. Montrose did this for Wixstad as a personal favor to his daughter. Both endorsed the note for value to Carlton who had knowledge that Montrose had signed the note for Wixstad’s accommodation only. With respect to Montrose’s rights and liabilities, which of the following is correct? A. In the event Wixstad defaults on the note, notice must be promptly given to Montrose in order to hold him liable. B. Carlton’s best basis for recovery is to sue Montrose as an endorser. C. Montrose has no liability beyond one-half of the face value of the note plus interest. D. Carlton has the right to treat either or both parties as primarily liable on the note. |