A(n) ________ is an action or event that relieves certain parties from liability on negotiable instruments.
A) presentment
B) discharge
C) accommodation
D) breach of contract

Question

Quizplus · Accepted Answer

Discharge is the action or event that relieves certain parties from liability on negotiable instruments. Presentment is the act of presenting a negotiable instrument for payment or acceptance. Accommodation is a situation where a person lends their name or credit to another party to help them get credit or obtain a loan. Breach of contract refers to a situation where one party fails to fulfill the obligations of a contract.

A(n) ________ Is an Action or Event That Relieves Certain