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.

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