Verne has possession of a draft that has been validly negotiated to him.His payment process necessarily includes
A)presentment of the draft,dishonor,and notice of dishonor.
B)exhibiting the instrument,showing reasonable identification,and surrendering the draft if it is paid in full.
C)exhibiting the draft,providing a thumbprint signature,and giving a receipt.
D)suspending the underlying debt,applying the shelter rule,and making a demand for payment.

Question

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According to the rules of negotiable instruments, when a draft has been validly negotiated to someone, they must exhibit the instrument, show reasonable identification, and surrender the draft if it is paid in full to complete the payment process. Presentment of the draft, dishonor, and notice of dishonor (A) are required when the draft is not paid. Providing a thumbprint signature and giving a receipt (C) are not necessary requirements for the payment process. Suspending the underlying debt, applying the shelter rule, and making a demand for payment (D) are not relevant to the payment process for a negotiable instrument.

Verne Has Possession of a Draft That Has Been Validly