An instrument is dishonored when it is presented for payment and payment is refused.
Correct Answer:
Verified
Q75: A signature on a negotiable instrument identifies
Q76: A drawee that refuses to pay a
Q77: If there is a breach of contract,the
Q78: Material alteration,extreme duress,forgery,and mental incapacity are examples
Q79: Most indorsements appear on the front of
Q81: Ellen draws a check on his checking
Q82: Mara draws a $1,000 check on Royal
Q83: Transfer and presentment warranties shift the risk
Q84: Give an example of a situation where
Q85: Diana borrows $10,000 from Thomas and signs
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents