If Negotiable Instrument Is Not Accepted When Presented,if It Is

question 14

Multiple Choice

If negotiable instrument is not accepted when presented,if it is not paid when presented for payment at maturity,or if presentment is excused or waived and the instrument is past due and unpaid,then it is considered:

• A) ineligible.
• B) defunct.
• C) dishonored.
• D) abandoned.

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Definitions:

Operating Cash Flows

The cash generated from the normal operations of a business, including the production and sale of goods or services.

Marketability

The ease with which an asset can be bought or sold in the market without affecting its price.

Operating Cash Flow

The cash generated from a company's normal business operations before financing and investment activities.

Net Capital Spending

The total expenditure on fixed assets less any sales of fixed assets during a given period, often used in assessing a company's investment in physical assets.