A bank must give notice of dishonor within one business day and a nonbank within three business days of the day on which it receives notice of dishonor.
Correct Answer:
Verified
Q16: The signature of the maker of a
Q17: Waylon uses a signature stamp to sign
Q18: Delay in notice may be excused if
Q19: A drawee bank "accepts" a check by
Q20: Once a check is issued,the drawee bank
Q22: By paying the holder on an instrument,a
Q23: Warranty liability applies to persons who:
A) transfer
Q24: Presentment is excused where the acceptor is
Q25: Presenters' warranties are exactly the same as
Q26: In all instances other than a drawee
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