A maker of a note is not released by the sale of the collateral securing the note.
Correct Answer:
Verified
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
Q11: A maker of a note is released
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
Q17: Only a negotiable note can be transferred
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