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  3. Study Set
    Law for Business Study Set 2
  4. Exam
    Exam 39: Negotiation and Holder in Due Course
  5. Question
    When the Holder of an Instrument Has Presented It for Payment
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When the Holder of an Instrument Has Presented It for Payment

Question 3

Question 3

Multiple Choice

When the holder of an instrument has presented it for payment or acceptance and it has then been refused, the negotiable instrument:


A) is considered overdue.
B) has been dishonored.
C) is considered unauthorized.
D) has been held to be irregular.

Correct Answer:

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