Which of the following is true about conditions under which presentment is waived or excused?
A) If the creditor cannot with reasonable diligence present the instrument
B) If the instrument's terms require it
C) If the debtor waived the notice of dishonor
D) If the drawee instructed the drawer not to pay or accept
E) If the drawer was not obligated to the drawee to pay the draft
Correct Answer:
Verified
Q32: Under what conditions is presentment waived or
Q33: Notice of dishonor is not required if:
A)
Q34: A drawee bank that pays over a
Q35: A person acting (or purporting to act)
Q36: Acceptance of a draft by a bank
Q37: According to the Uniform Commercial Code, _
Q38: Unlike primary liability, secondary liability is conditional,
Q39: Which of the following statements ties to
Q41: The facts are the same as above,
Q42: Would your answer to 1 and 2
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