When a Holder Presents an Instrument in a Timely and Proper

question 37

Multiple Choice

When a holder presents an instrument in a timely and proper manner,but acceptance or payment is refused,the instrument has been ____.

• A) Destroyed
• B) Dishonored
• C) Converted
• D) Rejected
• E) Refused

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Definitions:

Critical Thinking

The goal of critically examining and assessing a matter to develop an opinion.

Basic Steps

The fundamental stages or actions necessary to perform a task or process.

Medical Group

An organized team of healthcare professionals, such as doctors and nurses, who provide a wide range of medical services to patients.