Verne Has Possession of a Draft That Has Been Validly

question 20

Multiple Choice

Verne has possession of a draft that has been validly negotiated to him.His payment process necessarily includes

• A)presentment of the draft,dishonor,and notice of dishonor.
• B)exhibiting the instrument,showing reasonable identification,and surrendering the draft if it is paid in full.
• C)exhibiting the draft,providing a thumbprint signature,and giving a receipt.
• D)suspending the underlying debt,applying the shelter rule,and making a demand for payment.

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Definitions:

Moist Membrane

Tissue that remains wet and is involved in absorption, secretion, or exchange processes.

Diffusing

The process of a substance spreading from an area of high concentration to an area of lower concentration.

Respiratory Passageways

The paths that air follows to enter and exit the lungs, including the nose, throat, trachea, and bronchi.

Epiglottis

Tissue flap that folds down to prevent food from entering the trachea during swallowing.