Multiple Choice
When a holder presents an instrument in a timely and proper manner,but acceptance or payment is refused,the instrument has been ________.
A) Rejected
B) Converted
C) Dishonored
D) Refused
E) Destroyed
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Serayah received a check written by Sam
Q73: Who is primarily liable for a cashier's
Q74: Which of the following results in liability
Q74: If Teren sends Clem a letter, telling
Q75: Which of the following was the result
Q76: A party who signs a negotiable instrument
Q77: A bank's refusal to pay an instrument
Q79: Which of the following occurs when a
Q81: When a party's liability for a negotiable
Q85: If Kyoko makes a proper tender of