________ is a demand for acceptance or payment of an instrument made upon the maker, acceptor, drawee, or other payer by or on behalf of the holder.
A) Accommodation
B) Duress
C) Presentment
D) Allonge

Question

Quizplus · Accepted Answer

Presentment is the process of demanding payment on a negotiable instrument, such as a check or promissory note. This demand can be made by the holder of the instrument or by someone acting on their behalf. The person who is being asked to make payment is typically the maker, acceptor, drawee, or other payer of the instrument.

________ Is a Demand for Acceptance or Payment of an Instrument