A time draft presented for payment is due on the due date or presentment date,whichever is later.
Correct Answer:
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Q3: Return for lack of proper indorsement constitutes
Q4: Presentment for payment is one step necessary
Q5: Notice of dishonor is waived if presentment
Q6: What warranties are given by presenters depend
Q7: Drawers of checks may disclaim contractual liability
Q9: Presentment for payment is excused if the
Q10: In the banking system,the time for dishonor
Q11: A drawee bank is primarily liable after
Q12: An accommodation party will always be secondarily
Q13: A drawee bank's refusal to certify a
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