After initially receiving notice of dishonor,when must parties other than a collection bank give notice of dishonor to a secondarily liable party?
A)Before midnight of the next day
B)Within 48 hours
C)Within 7 days
D)Within 10 days
E)Within 30 days

Question

Quizplus · Accepted Answer

If the party that dishonors an instrument is not a collection bank,it must give notice of the dishonor within 30 days of the day on which the party receives notice of dishonor.

After Initially Receiving Notice of Dishonor,when Must Parties Other Than