Which of the Following Actions Renders All Parties as Discharged

question 69

Multiple Choice

Which of the following actions renders all parties as discharged from liability to a negotiable instrument?

• A)when the instrument is presented for payment
• B)when the signature of the indorser is intentionally struck out
• C)when the instrument is accidentally destroyed or mutilated
• D)when a drawee in good faith pays an unaccepted instrument in full to the holder

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Definitions:

Adult Behavior

Patterns of action or conduct typically observed in mature individuals beyond the developmental stages of childhood and adolescence.

Theory

A system of ideas intended to explain something, based on principles independent of the thing to be explained.

Observed Events

Events or occurrences that have been witnessed and possibly recorded for further analysis or study.

Testable Predictions

Hypotheses or conjectures that can be verified or falsified through experimentation, observation, or other empirical means.