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Which Statement Is True Regarding Pedro's Statement That Once the Check

Question 9

Multiple Choice

Which statement is true regarding Pedro's statement that once the check had been dishonored,it could not be presented again?


A) He was incorrect.The check may be presented again for payment only if notice has been given both to endorsers and the drawer.
B) He was correct.
C) He was incorrect.The holder may attempt to resubmit the check at a later date only if all endorsers of the check have been notified of the dishonor.
D) He was incorrect.The holder can attempt to resubmit the check at a later date.
E) He was incorrect.The holder may resubmit the check only if notice is given to the drawer.

Correct Answer:

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