The Appropriate Time for Presentment of a Negotiable Instrument for Payment

question 61

Multiple Choice

The appropriate time for presentment of a negotiable instrument for payment is determined by

• A)the nature of the instrument.
• B)all of the choices.
• C)any usage of banking or trade.
• D)the facts of the particular situation.

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Definitions:

Red Snapper

A species of fish commonly found in the Gulf of Mexico and the southeastern Atlantic coast of the United States, valued for its firm texture and mild flavor.

Seaside Fish Market

A marketplace located near or by the seaside that specializes in selling fresh and diverse types of fish and seafood.

Laptops

Portable computers that are small and light enough to be used on one's lap, combining all the components and capabilities of a desktop computer.

Desktops

Personal computers designed for regular use at a single location, as opposed to portable laptops.