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Direction: Answer the following questions in your own words. 1. When is promissory note considered dishonored? 2. What are the forms and contents of a

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Direction: Answer the following questions in your own words. 1. When is promissory note considered dishonored? 2. What are the forms and contents of a notice of dishonor? 3. What is the effect of lack of notice of dishonor on the instrument which is payable in installments

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