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:

S.S. Oxford

Depending on context, could refer to a specific ship or vessel named Oxford; without additional context, a specific definition cannot be provided.

Personally Liable

Holding personal responsibility to settle a debt or legal judgment, affecting one's own assets and finances.

Reverts

Returns to a previous state or condition, often after a temporary change.

Real Property

Land and anything permanently attached to it.