A Court Will Impose Liability for Payment If All of the Following

question 24

Multiple Choice

A court will impose liability for payment if all of the following are true EXCEPT

• A)the instrument was presented for payment.
• B)it was dishonoured.
• C)prompt notice of the dishonour was given to the defendant.
• D)a lawsuit was commenced within the limitation period.
• E)a notice of arbitration was served on the endorser.

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Definitions:

Abuse

Misuse or mistreatment of an object, typically to unjustly or wrongly secure benefits.

Reports by Child

Descriptions or accounts of events, feelings, or behaviors, as expressed or told by a child.

Sexual or Physical Abuse

Harmful behaviors that involve forcing or persuading someone to participate in unwanted sexual activity or inflicting physical harm, respectively.

Excessive Length of Time

A period that extends beyond what is considered reasonable or acceptable.