The Obligation of an Acceptor Is

question 7

Multiple Choice

The obligation of an acceptor is:

• A)to make an unconditional promise to pay a fixed amount of money and is responsible for making good on that promise.
• B)to pay the check according to its terms at the time he issued it.
• C)to pay the draft according to the terms at the time of its acceptance.
• D)to pay the amount due on the instrument according to its terms at the time he indorsed it.