As Defined in the UCC,under Which of the Following Circumstances

question 4

Multiple Choice

As defined in the UCC,under which of the following circumstances would presentment have occurred?

• A)When Rabia requested that Chloe make the check good.
• B)When XYZ Bank notified Rabia that it would not pay based upon insufficient funds.
• C)When ABC Bank requested payment from XYZ Bank.
• D)When Chloe presented the check to The Furniture Shop
• E)When Rabia took the check to ABC Bank.

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Definitions:

Postindustrialism

A stage of economic development in which the service sector generates more wealth than the manufacturing sector of the economy.

Multinational Corporations

Large companies that operate in several countries around the world and often play a significant role in globalization and the economy.

Assembly Of Goods

The process of combining components or parts to manufacture a finished product.

Developed Nations

Countries with advanced industrial bases, high standards of living, and well-developed infrastructures.