If a drawee refuses to pay an unaccepted draft,the draft is dishonored,and the drawee becomes liable for refusing to pay it.
Correct Answer:
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Q15: Jake is the holder of an instrument
Q16: The most common type of draft in
Q17: Elke intends to sign a contract with
Q18: An indorser,whether or not she receives consideration
Q19: A holder is a person who is
Q21: Historically,when merchants bought goods,instead of paying for
Q22: If Daphne gave value for and cashes
Q23: If a drawee refuses to pay the
Q24: Through what kind of written instrument would
Q25: A blank indorsement should be used:
A)only for
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