Morgan is the maker of a promissory note payable to Hillary on August 29.If Hillary fails to make proper presentment of the note to Morgan on August 29, Morgan's liability on the note is not affected.
Correct Answer:
Verified
Q22: By paying the holder on an instrument,a
Q24: Presentment is excused where the acceptor is
Q25: Molly makes a note payable to the
Q28: A waiver of presentment will waive the
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
Q38: An unauthorized signature may bind a principal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents