When a Holder Presents an Instrument in a Timely and Proper

question 34

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)annulled
• B)dishonored
• C)converted
• D)rescinded
• E)executed

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Definitions:

Cognitive-behavioral

Pertaining to a type of psychotherapy that combines cognitive and behavioral techniques to change patterns of thinking or behavior that are causing people's problems.

Psychodynamic

A psychological approach focusing on the in-depth examination of the mental factors governing human actions, sensations, and feelings, particularly in relation to experiences encountered early in life.

Sociocultural

Pertaining to the interplay of social and cultural factors and their influence on individual behaviors, thoughts, and feelings.

Biological

Pertaining to the science of life and living organisms.