True/False
An instrument is dishonored when a party refuses to pay the instrument, such as when a bank refuses to pay because insufficient funds exist.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: What is meant by the term "delivery"
Q25: [Lost Check] Jenna Nguyen teaches business law
Q26: Which of the following words are necessary
Q27: Which statement is true regarding the requirement
Q28: [Check Issues] Kelsey owns and operates a
Q30: A(n) _ instrument becomes overdue at any
Q31: [House Painting] Graciela Reyes signed a check
Q32: An endorsement that restricts the instrument such
Q33: For an HDC to take an instrument
Q34: For negotiation, which of the following types