Vince Has Possession of a Draft That Has Been Validly

question 23

Multiple Choice

Vince 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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