If a promissory note is not presented for payment on the due date, it is discharged.
Correct Answer:
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Q11: Fagan, who held Slick's $500 three-month promissory
Q12: If the amount on an instrument is
Q13: Personal defenses are not good against holders
Q14: A signed instrument lacking some piece of
Q15: The Federal Trade Commission has enacted a
Q17: The defense of slight duress is good
Q18: Secondary parties are obligated to pay the
Q19: With fraud in the inducement, the maker
Q20: A secondary party cannot limit her or
Q21: To qualify as a holder in due
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