Presentment Is a Demand Made by or on Behalf of a Person

question 26

Multiple Choice

Presentment is a demand made by or on behalf of a person entitled to enforce the instrument for:

• A)payment by the drawee or other party obligated to pay the instrument.
• B)acceptance by the drawee of a draft.
• C)Both (a) and (b) are correct.
• D)None of the above.

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Definitions:

Positive Valence

A term used in psychology to describe the attractive or desirable nature of a stimulus, which influences a person’s motivation to pursue or engage in it.

Negative Valence

The negative emotional charge or undesirable assessment associated with a thought, event, or stimulus.

Money Orders

A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.

Post Office

A government-operated institution responsible for mail distribution and various postal services.