A refusal to pay an instrument constitutes dishonor under any circumstances.
Correct Answer:
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Q8: If a promissory note is incomplete at
Q9: A person who signs an instrument without
Q10: An unauthorized signature binds the person whose
Q11: Notice of dishonor can be given in
Q12: The dishonor of an instrument relieves secondary
Q14: To properly present a draft for payment,
Q15: The general law of agency does not
Q16: When an instrument has a forged indorsement,
Q17: An imposter's indorsement on an instrument can
Q18: Primary liability on a negotiable instrument is
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