If payment is not made on a negotiable instrument when it is due,the holder can use the court system to enforce the instrument.

Name: If payment is not made on a negotiable instrument when it is due,the holder can use the court system to enforce the instrument.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

This is the basic principle of negotiable instruments law. The holder can sue the party responsible for payment in court to enforce payment of the instrument.

If Payment Is Not Made on a Negotiable Instrument When