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Select the Sentence with More Concise Language

question 22

Multiple Choice

Select the sentence with more concise language.


Definitions:

Real Defense

A liability defense that applies universally to all parties.

Drawee

The person or entity upon whom a check or draft is drawn and is responsible for paying the amount specified.

Presentment

The formal presentation of a financial instrument, such as a check or draft, for payment or acceptance.

Transfer Warranties

Legal assurances provided by a seller about the quality and ownership of goods being sold, particularly that the goods are free from any security interest or other lien not disclosed at the time of sale.

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