All the following conditions release an endorser from liability EXCEPT:
A) any act that completes the negotiation of the instrument, such as payment.
B) the release of a prior party's obligation or the release of the debtor
C) the intentional cancellation of the endorser's signature by the holder
D) an invalid tender of payment by a prior party.
Correct Answer:
Verified
Q29: A qualified endorsement can be used together
Q30: Fraud in executing an instrument is a
Q31: All of the following are personal defenses
Q32: According to the UCC, if the _
Q33: A holder in due course is sometimes
Q35: A demand instrument such as a note
Q36: If a completed negotiable instrument comes into
Q37: The party who has taken commercial paper
Q38: When commercial paper on which the signature
Q39: A defense against payment of commercial paper
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