Presentment for payment is one step necessary to charge an indorser with the obligation to pay.
Correct Answer:
Verified
Q11: "Presentment" is necessary within 10 days of
Q12: Elder, an authorized agent for Mullins, signs
Q13: An unauthorized signature may bind a principal
Q14: An accommodation party is a direct beneficiary
Q15: The signature of the maker of a
Q17: A signature may be made by an
Q18: An accommodation party will always be primarily
Q19: Under Revised Article 3 of the UCC,
Q20: Indorsers of all instruments incur primary liability
Q21: By indorsing a check, "Without recourse," Pat
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