Under the UCC, How Can Proper Presentment Be Made

question 30

Multiple Choice

Under the UCC, how can proper presentment be made?

• A) By any commercially reasonable means.
• B) Only through a clearinghouse procedure.
• C) Only at a place designated in the instrument.
• D) By any commercially reasonable means, through a clearinghouse procedure, or at a place designated in the instrument.
• E) By any commercially reasonable means or at the place designated in the instrument, but not through a clearinghouse procedure.

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Definitions:

Savings Accounts

Accounts with funds that usually cannot be withdrawn without advance notice; also known as time deposits.