The UCC Excuses Presentment for Payment or Acceptance If

question 4

Multiple Choice

The UCC excuses presentment for payment or acceptance if:

• A)the person who is entitled to enforce the instrument cannot, with reasonable diligence, present the instrument.
• B)the maker or acceptor of the instrument has repudiated the obligation to pay, is dead, or is in insolvency proceedings.
• C)the drawer or indorser has waived the rights of presentment.
• D)the drawee was not obligated to the drawer to pay the draft.
• E)All of the above.

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Definitions:

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Urban Area

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Diagnostic Criteria

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