Liability of the Drawer, Acceptor, or Maker on a Bill

question 39

Multiple Choice

Liability of the drawer, acceptor, or maker on a bill of exchange is dependent on

• A) the negotiation of the bill.
• B) the delivery of the bill.
• C) the signing of the bill.
• D) the presentment of the bill.
• E) the signing and delivery of the bill.

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Definitions:

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Action Statement

A clear, concise declaration outlining specific actions to be undertaken to achieve a certain objective.

Analyzer Organizations

Organizations that maintain their current products and markets while simultaneously exploring new opportunities, blending stability with innovation.