Commercial Law, 2011 Bar — Question 52

MULTIPLE CHOICE

Notice of dishonor is not required to be made in all cases. One instance where such notice is not necessary is when the indorser is the one to whom the instrument is suppose to be presented for payment. The rationale here is that the indorser A) already knows of the dishonor and it makes no sense to notify him of it. B) is bound to make the acceptance in all cases. C) has no reason to expect the dishonor of the instrument. D) must be made to account for all his actions.

You can write freely without an account. Sign in to reveal the suggested answer and track your progress.