Multiple Choice
Notice of the dishonor of a negotiable instrument
A) must be in writing.
B) is necessary to hold a secondary party liable.
C) must be given within ten days.
D) is given to the first indorser first.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: One who is first obligated to pay
Q35: The maker of a promissory note is
Q36: The holder of a promissory note fails
Q37: After accepting a draft, the drawee is
Q38: Notice of dishonor must be given by
Q40: A(n) _ is a legal reason offered
Q41: Secondary parties are obligated to pay the
Q42: To qualify as a holder in due
Q43: How does the Shelter Provision relate to
Q44: _ is a demand for payment or