A drawee on a draft has no responsibility under the draft until it has accepted that instrument.
Correct Answer:
Verified
Q2: If an instrument is negotiable,it is governed
Q4: A payee is not liable on an
Q5: When a party who is not originally
Q5: A negotiable instrument may be partly printed
Q7: The payee has no rights in an
Q8: When a drawee has signified in writing
Q9: Instruments are negotiable when they contain the
Q10: Revised UCC Article 3 refers to drawers,
Q11: The drawee on a check is a
Q20: Commercial paper facilitates the transfer of funds
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