Secondarily Liability Question

Secondarily Liability Question
Please help with the following problem.

What is needed for a party to be considered secondarily liable on an instrument?

  1. The notice of dishonor must be given to the person to be held sedoncarily liable.
  2. The instrument must be properly presented for payment
  3. the notice of dishonor must be timely
  4. the instrument is dishonored
  5. all of these are correct

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