The UCC Excuses Presentment for Payment or Acceptance If

Multiple Choice

The UCC excuses presentment for payment or acceptance if:

A) the person who is entitled to enforce the instrument cannot, with reasonable diligence, present the instrument.
B) the maker or acceptor of the instrument has repudiated the obligation to pay, is dead, or is in insolvency proceedings.
C) the drawer or indorser has waived the rights of presentment.
D) the drawee was not obligated to the drawer to pay the draft.
E) All of the above.