Verne Has Possession of a Draft That Has Been Validly

question 20

Multiple Choice

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.

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