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Question
Indorsers are obligated to make the payment only when:
A. the instrument has not been properly presented to the drawee or party obliged to pay the instrument.
B. the instrument is not dishonored.
C. the notice of dishonor is not given to the secondary party within the time and manner mentioned.
D. the instrument has been properly presented to the drawee or party obliged to pay the instrument, and payment must be demanded.
Answer
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Related questions
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