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According to the Uniform Commercial Code,a Party Who Signs as an Issuer

Question 16

Multiple Choice

According to the Uniform Commercial Code,a party who signs as an issuer of an instrument is liable for the amount of the instrument ________.


A) as soon as it is issued
B) three business days after the instrument is executed
C) three calendar days after the instrument is presented for payment
D) three business days after the instrument is presented for payment
E) three calendar days after the instrument is executed

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