Simplify. -

question 295

Multiple Choice

Simplify.
-

---

Definitions:

Postdated Instrument

A financial instrument, such as a check, with a date in the future, indicating when it becomes payable.

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the payee or bearer.

Liability

A legal obligation or responsibility, often in the form of debt or duty to compensate for loss or damage caused.

Improper Refusal

A situation where a party unjustly rejects a contract offer or fails to perform an action required by the agreement.