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The endorser of an instrument makes an implicit promise to pay the holder of the instrument if it is dishonored after proper presentment, and notice

  1. The endorser of an instrument makes an implicit promise to pay the holder of the instrument if it is dishonored after proper presentment, and notice of the dishonor is given to the endorser in a timely fashion. This promise is termed the endorser's ______.

Warranty

Contract

Accommodation

Guarantee

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