Presentment for Payment Is One Step Necessary to Charge an Indorser

question 19

True/False

Presentment for payment is one step necessary to charge an indorser with the obligation to pay.

---

Definitions:

New Course Material

Education resources or content that have been recently developed or updated for instructional use.

Network

A group of interconnected people or things, especially referring to computers and telecommunications.

Napalm

A highly flammable sticky jelly used in incendiary bombs and flamethrowers, notorious for its use in military conflicts to cause severe burns.

Strategic Hamlets

A program implemented during the Vietnam War, aiming to combat communist insurgency by relocating rural populations to fortified villages.