Solved

The Obligation of an Acceptor Is

Question 22

Multiple Choice

The obligation of an acceptor is:


A) to make an unconditional promise to pay a fixed amount of money and is responsible for making good on that promise.
B) to pay the check according to its terms at the time he issued it.
C) to pay the draft according to the terms at the time of its acceptance.
D) to pay the amount due on the instrument according to its terms at the time he indorsed it.

Correct Answer:

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