A holder can impair the value of collateral given to secure payment of an instrument without affecting the liability of parties who would benefit from the collateral in the event of nonpayment.
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Q27: The destruction or mutilation of an instrument
Q28: It is not a material alteration to
Q29: A third party who buys a note
Q30: When a person forges an instrument, the
Q31: Presentment warranties protect the party to whom
Q33: On a note that forms part of
Q34: Bass signs a note "payable to the
Q35: Discharge from liability on an instrument cannot
Q36: When a person claims to have been
Q37: Lon is Mill Corporation's agent and is
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