Discharge means that
A)someone has stolen an instrument.
B)an obligor refuses to pay an instrument that is due.
C)liability on an instrument terminates.
D)a bank has paid a check that has a forged indorsement.

Question

Quizplus · Accepted Answer

Discharge on an instrument means that the liability on the instrument terminates, either by payment or by some other means such as cancellation or release. It does not involve theft, refusal to pay, or forgery issues.

Discharge Means That