Which of the Following Is True About Conditions Under Which

question 2

Multiple Choice

Which of the following is true about conditions under which presentment is waived or excused?

• A) If the creditor cannot with reasonable diligence present the instrument
• B) If the instrument's terms require it
• C) If the debtor waived the notice of dishonor
• D) If the drawee instructed the drawer not to pay or accept
• E) If the drawer was not obligated to the drawee to pay the draft

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Definitions:

Variable Costs

Expenses that vary directly with the amount of output or business operations.

Workers

Individuals engaged in a professional or labor activity to earn wages or salaries.

Average Total Costs

The total cost of production divided by the number of units produced, representing the average cost per unit.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.