Solved

Which Statement Is True Regarding Pedro's Statement That Once the Check

Question 67

Multiple Choice

Which statement is true regarding Pedro's statement that once the check had been dishonored,it could not be presented again?


A) He was incorrect.The check may be presented again for payment only if notice has been given both to endorsers and the drawer.
B) He was correct.
C) He was incorrect.The holder may attempt to resubmit the check at a later date only if all endorsers of the check have been notified of the dishonor.
D) He was incorrect.The holder can attempt to resubmit the check at a later date.
E) He was incorrect.The holder may resubmit the check only if notice is given to the drawer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents