Failure to Give Notice of Dishonor Will Discharge the Drawer

question 57

True/False

Failure to give notice of dishonor will discharge the drawer of a draft accepted by a nonbank from having to pay on the instrument unless notice is excused.

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Definitions:

Sexual Identity

One’s self-label or self-identification as a heterosexual, or LGBTQ person.

Role Flexibility

The ability to adapt to different roles or functions in varying situations, often seen as a vital skill in workplaces and personal relationships.

Degree of Acculturation

The level at which an individual or group adopts the cultural traits or social patterns of another group, often resulting from direct and continuous contact.

Gay Latino Man

A male individual of Latin American origin or descent who identifies as homosexual.