On January 1,Klancy issues a note payable to Lorena on May 1.On April 29,Klancy dies.In this situation
A)the note is considered dishonored.
B)the payment on the note is due immediately.
C)the payment on the note is postponed indefinitely.
D)the required presentment is excused.

Question

Quizplus · Accepted Answer

The required presentment is excused because Klancy's death makes it impossible to present the note to him for payment.

On January 1,Klancy Issues a Note Payable to Lorena on May