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<h1>Principal debtor liability: makers, drawers until acceptance, and acceptors bear primary obligation; others serve as sureties.</h1> Makers of promissory notes, drawers of bills of exchange prior to acceptance, and acceptors are, absent an agreement to the contrary, principal debtors on the instrument, while other parties thereto are sureties for that obligation; this allocation of primary and secondary liability follows from their positions on the negotiable instrument.