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Which of the Following Is Not a Valid Reason for a Drawee

Question 2

Multiple Choice

Which of the following is not a valid reason for a drawee bank to dishonor a check presented to it?


A) The holder cannot provide valid identification.
B) The drawee bank reasonably believes that the instrument is fraudulent.
C) The drawer lacks sufficient funds to cover the negotiable instrument.
D) The holder does not have an account with the drawee bank.

Correct Answer:

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