Asked by
Jonathan Macaluso
on Dec 19, 2024Verified
The proper presentment of a negotiable instrument for payment can be made only by commercially reasonable written or electronic means.
Commercially Reasonable
A standard requiring actions that are typical or expected within a business context and in good faith.
Presentment
The act of formally presenting a document, such as a check or draft, to a party for acceptance or payment.
Electronic Means
Using digital technologies or electronic equipment to perform tasks or convey information.
- Learn the necessary actions a holder must execute to enforce the collection on a negotiable document.
Verified Answer
JP
Learning Objectives
- Learn the necessary actions a holder must execute to enforce the collection on a negotiable document.
Related questions
Timely Notice of the Dishonor of an Instrument That Has ...
Like Secondary Signature Liability, Warranty Liability Is Subject to the ...
The Payee of a Certificate of Deposit Is Not Allowed ...
If an Instrument Is Payable Within a Definite Period of ...
Every Party Who Signs a Negotiable Instrument Is Potentially Liable ...