A maker of a note is released by the sale of the collateral securing the note.
Correct Answer:
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Q6: Each co-maker of a note is fully
Q7: Forgery of a maker's signature is a
Q8: Notes are often transferred by their makers.
Q9: A nonnegotiable note is not capable of
Q10: An unqualified endorsement imposes upon the endorser
Q12: A maker of a note is not
Q13: An endorser who endorses a note without
Q14: Incapacity of the maker is not a
Q15: Only a nonnegotiable note can be transferred
Q16: An endorsement without recourse negates any obligation
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