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What are the initial steps to protest a negotiable instrument?

  1. Presenting the instrument for acceptance or payment

  2. Filing a complaint in court

  3. Sending a written warning to the issuer

  4. None of the above

The correct answer is: Presenting the instrument for acceptance or payment

Presenting the instrument for acceptance or payment is the first essential step in protesting a negotiable instrument. This involves giving the issuer the opportunity to pay the amount owed or accept the instrument. Filing a complaint in court or sending a written warning to the issuer are not initial steps and may come into play if the initial step is unsuccessful. Choosing "None of the above" is not correct either, as presenting the instrument for acceptance or payment is the correct action to protest a negotiable instrument.