Dishonor occurs when proper presentment of an instrument is excused and its payment is refused.
Correct Answer:
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Q1: A drawer's liability does not arise until
Q8: An authorized agent may be personally liable
Q9: An unauthorized signature binds the person whose
Q10: A drawer is not liable on a
Q11: A signature may be typed.
Q12: Dishonor occurs if payment of an instrument
Q12: The dishonor of an instrument relieves secondary
Q14: An authorized agent may be personally liable
Q15: An acceptor is secondarily liable to all
Q17: An unauthorized signature never binds the person
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