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:

Verified
Correct Answer:
Verified
Q4: Who is responsible for the check to
Q5: Which statement is true about traveler's checks?<br>A)They
Q7: Which of the following is true regarding
Q8: Which of the following is true regarding
Q10: [Cash Availability] Arturo,who owns a vineyard in
Q11: Which of the following is an instrument
Q12: The first bank that receives the check
Q14: Arturo's bank tells him they have placed
Q18: A bank involved in the check collection
Q67: The Federal Reserve has stated that Regulation