Take the following as truth: The holder in due course must have met the legal requirements of presentation and delivery of the instrument to the maker of a note or acceptor of a draft and must have found that this legal entity has refused to pay for or defaulted in payment of the instrument.
Then the following statement: "The holder has many required steps to prove that the acceptor has refused to make payment." is true, false, or inconclusive?
Answer: Inconclusive