An instrument is not considered canceled if it is destroyed or mutilated by accident or by an unauthorized third party.

Question

Quizplus · Accepted Answer

Canceling an instrument requires intentional action by the authorized parties involved in the transaction. Accidental destruction or mutilation, or damage caused by unauthorized third parties, does not nullify the instrument unless it can be proven that the destruction or mutilation was done with the intention to cancel the instrument.

An Instrument Is Not Considered Canceled If It Is Destroyed