In the banking system,the time for dishonor of a check can vary greatly depending on the number of banks involved in the collection process.
Correct Answer:
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Q5: Notice of dishonor is waived if presentment
Q6: What warranties are given by presenters depend
Q7: Drawers of checks may disclaim contractual liability
Q8: A time draft presented for payment is
Q9: Presentment for payment is excused if the
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
Q14: Warranty liability may be imposed on both
Q15: Before an indorser can be held responsible
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