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) Destroyed
B) Dishonored
C) Converted
D) Rejected
E) Refused
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: Which of the following is true regarding
Q29: If an accommodated party pays a note
Q35: Violet has authority to act on behalf
Q38: Which of the following promises to pay
Q39: What are the requirements for a holder
Q40: Which of the following is a party
Q41: To hold an endorser secondarily liable on
Q42: Which of the following is true regarding
Q49: Which of the following is not a
Q63: Which of the following is true regarding