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:

Stamp Collection

The hobby of collecting and categorizing postage stamps from various countries and time periods.

Breach Of Contract

A legal term referring to the failure to fulfill the terms of a contract by one party.

Induce

To persuade or lead someone to carry out a certain action or behavior.

Receipt

A written acknowledgment that something of value has been transferred from one party to another.