Which of the following is false regarding means by which an instrument may be cancelled by a person entitled to enforce it?
A) Consideration is necessary before a cancellation, a form of contractual agreement, is effective.
B) A party may cancel an instrument by simply writing "paid" on the instrument.
C) A party may cancel an instrument by intentionally destroying the instrument.
D) A party may cancel an instrument by intentionally mutilating the instrument.
E) A party may cancel an instrument by giving the instrument to the obliged party.
Correct Answer:
Verified
Q43: Which of the following is not a
Q48: Which of the following occurs when a
Q49: Which of the following is true regarding
Q51: Which of the following is true regarding
Q51: Which of the following is true regarding
Q53: Which of the following is the most
Q54: When a party's liability for a negotiable
Q55: Which of the following is the most
Q56: Who is the drawer of the check
Q57: Which of the following is the likely
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents