Which Statement Is True Regarding Pedro's Statement That Once the Check

question 9

Multiple Choice

Which statement is true regarding Pedro's statement that once the check had been dishonored,it could not be presented again?

• A)He was incorrect.The check may be presented again for payment only if notice has been given both to endorsers and the drawer.
• B)He was correct.
• C)He was incorrect.The holder may attempt to resubmit the check at a later date only if all endorsers of the check have been notified of the dishonor.
• D)He was incorrect.The holder can attempt to resubmit the check at a later date.
• E)He was incorrect.The holder may resubmit the check only if notice is given to the drawer.

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Definitions:

Company Mails

Refers to the official correspondences, both electronic and physical, distributed within or from a company.

First Quarterly Journal

A periodical report covering the initial three months of the fiscal year, often containing financial statements, performance evaluations, and future outlooks.

Liabilities

Financial obligations or debts owed by a business to external parties or stakeholders.

Current Liabilities

Short-term financial obligations due within one year or within the company's operating cycle, whichever is longer.