Who Is Discharged If a Holder Strikes Out a Prior

question 80

Multiple Choice

Who is discharged if a holder strikes out a prior indorsement on a negotiable instrument?

• A) only the party whose name was stricken
• B) the party whose name was stricken, and all prior indorsers
• C) the party whose name was stricken, and all subsequent indorsers
• D) all indorsers
• E) no indorser is discharged

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Definitions:

Conflict Theory

A sociological perspective that focuses on the tensions and power struggles between different social groups, often related to the distribution of resources, power, and inequality.

Economic Resources

Assets or inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Capitalism

An economic system characterized by private or corporate ownership of goods, and the means to produce them, operated for profit in a competitive market.

Working Class

A social group characterized by employment in blue-collar jobs and typically associated with lower incomes and limited access to resources.