Accidental destruction of a negotiable instrument cancels it.
Correct Answer:
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Q1: Presentment war?ranties protect the person who presents
Q12: The dishonor of an instrument relieves secondary
Q17: An unauthorized signature never binds the person
Q19: Signature liability extends to any person who
Q20: A drawer is primarily liable on an
Q23: Personal defenses defeat the claims of HDCs.
Q24: A breach of a contract for which
Q25: When the drawee of an unaccepted draft
Q26: An alteration of an instrument is material
Q27: When a party that is pri?marily liable
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