menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 26: Liability,defenses,and Discharge
  5. Question
    A Drawer's Liability Does Not Arise Until Presentment and Notice
Solved

A Drawer's Liability Does Not Arise Until Presentment and Notice

Question 29

Question 29

True/False

A drawer's liability does not arise until presentment and notice of dishonor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: A signature can be made by use

Q26: Signature liability is contingent liability.

Q27: Personal defenses are used to avoid payment

Q28: Bing signs a note payable to the

Q30: Chris convinces Dion,who does not understand English,to

Q31: Opalina asks Paolo,who does not understand English,to

Q32: Ethel signs a note "payable to the

Q33: Warranty liability is subject to the conditions

Q36: An authorized agent binds a principal on

Q65: Transfer of an order instrument by indorsement

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines