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After how many days is a Drawer discharged from all liability on the instrument, if no notice of dishonor is received?

  1. One day

  2. Five days

  3. Ten days

  4. Thirty days

The correct answer is: One day

Each day that a Drawer has not received notice of dishonor effectively extends their liability on the instrument. B, C, and D are all incorrect as they extend the liability period. The correct time frame for a Drawer to be discharged from all liability is one day, as this is the shortest amount of time possible for them to potentially receive notice of dishonor and take appropriate action.