Examlex
Which of the following statements is false?
Postdated Instrument
A financial instrument, such as a check, with a date in the future, indicating when it becomes payable.
Drawee Bank
The bank upon which a check is drawn, responsible for paying the check amount to the payee or bearer.
Liability
A legal obligation or responsibility, often in the form of debt or duty to compensate for loss or damage caused.
Improper Refusal
A situation where a party unjustly rejects a contract offer or fails to perform an action required by the agreement.
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