Which of the Following Must Occur for a Drawer to Become

question 64

Multiple Choice

Which of the following must occur for a drawer to become liable on an instrument?

• A)The holder of the instrument must present the instrument in a proper and timely fashion.
• B)The instrument must be dishonored.
• C)Notice of the dishonor must be given to the drawer.
• D)The holder of the instrument must present the instrument in a proper and timely fashion,the instrument must be dishonored,and notice of the dishonor must be given to the drawer.
• E)The holder of the instrument must present the instrument in a proper and timely fashion and the instrument must be dishonored,but no notice of dishonor is required because the party adversely affected by the dishonor may proceed directly to court.

---

Definitions:

ABA-Approved

Designation signifying that a product, service, or institution, such as a law school, meets the standards of the American Bar Association.

Paralegal Educational Program

A course of study designed to train individuals to assist professionals, particularly attorneys, in legal work.

ABA-Accredited

Refers to law schools that have received accreditation from the American Bar Association, indicating they meet certain standards of education.

Judged

Evaluated or decided by a legal authority, such as a judge or a court.