Use the table below to answer the following questions.
Table 3.4.1
-Refer to Table 3.4.1. At a price of $3 a unit
Definitions:
Notice of Dishonor
A notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and that payment has been refused.
Banking Day
A business day during which financial institutions are open for business with the public, typically excluding weekends and public holidays.
Calendar Days
The consecutive days on a calendar, including all weekdays and weekend days.
Without Recourse
A term indicating that the seller of an asset is not liable to the buyer for any defects or non-performance.
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