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In Order to Impose Secondary Liability,the Following Requirements Must Be

Question 66

Multiple Choice

In order to impose secondary liability,the following requirements must be met EXCEPT for which of the following?


A) The instrument is properly presented for payment.
B) The instrument is dishonored.
C) The reason that the instrument was dishonored is justified.
D) Timely notice of the dishonor is given to the party with secondary liability.

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