Dishonor occurs if payment of an instrument is refused despite proper and timely presentment.
Correct Answer:
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Q1: A drawer's liability does not arise until
Q7: If an instrument is incomplete when the
Q8: An authorized agent may be personally liable
Q9: An unauthorized signature binds the person whose
Q10: A drawer is not liable on a
Q11: A signature may be typed.
Q13: Dishonor occurs when proper presentment of an
Q14: An authorized agent may be personally liable
Q15: An acceptor is secondarily liable to all
Q17: An unauthorized signature never binds the person
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