What Is Dishonor in Connection with a Negotiable Instrument

question 40

Multiple Choice

What is dishonor in connection with a negotiable instrument?

• A) an instrument being created in connection with a fraudulent transaction
• B) any potential transferee refusing to accept the instrument
• C) the refusal of the maker or drawer to pay the instrument when it is presented for payment
• D) the transfer of an order instrument without the proper indorsement
• E) an instrument being created without evidence of value

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Definitions:

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