A drawee bank's refusal to certify a check constitutes dishonor of the instrument.
Correct Answer:
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Q22: By paying the holder on an instrument,a
Q23: Checks, when presented, are automatically certified.
Q25: Molly makes a note payable to the
Q26: Warranties of a person obtaining payment or
Q27: Morgan is the maker of a promissory
Q29: Primary liability does not apply to issuers
Q30: An accommodation party's liability is determined by
Q31: An acceptor should always indicate on the
Q32: By indorsing a check, "Without recourse," Pat
Q33: The time for dishonor of a check
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