A holder in due course may discharge the liability of the parties to the instrument by:
A) publishing notice.
B) canceling it.
C) repudiating it.
D) paying for it even if it is a stolen one.
Correct Answer:
Verified
Q40: The acceptor's obligation:
A)extends to a person entitled
Q41: What are the most common ways that
Q42: Conversion of an instrument:
A)is an authorized assumption
Q43: Explain the five transferor's warranties.
Q44: With respect to instruments,"responsibility" means the authority:
A)to
Q45: Tim stole from Wes a check payable
Q47: The imposter rule regarding negotiable instruments:
A)was devised
Q48: Define the situations that lead to dishonoring
Q49: Ivan is a representative for Mega Industries.Checks
Q50: Who is entitled to enforce an instrument?
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