________ means a demand made by a holder to pay or accept an instrument.
A)Dishonor
B)Presentment
C)Alteration
D)Real defense

Question

Quizplus · Accepted Answer

Presentment is a demand made by the holder of a negotiable instrument to the issuer of the instrument to pay or accept the instrument. This demand should be made within a reasonable time period and under the proper conditions as defined by law. Dishonor refers to the refusal of the issuer to pay or accept an instrument, Alteration is an unauthorized change to a negotiable instrument, and Real defense is a valid legal defense against payment of a negotiable instrument.

________ Means a Demand Made by a Holder to Pay