Which of the Following Actions by the Holder Causes an Impairment

question 16

Multiple Choice

Which of the following actions by the holder causes an impairment of the right of recourse?

• A) releasing an obligor party from liability
• B) withholding collateral that would benefit that party
• C) writing "canceled" on the face of the instrument
• D) destruction of the instrument with the intent of eliminating the obligation

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Definitions:

Staging Classifications

Systems used in medicine to categorize the extent and severity of a patient's disease or condition.

Pathologic

Regarding or caused by disease, or relating to the study of disease processes.

Autopsy

A post-mortem examination of a body to determine the cause of death or disease, performed by a pathologist.

Retreatment

The act of treating a medical or dental condition again after an initial treatment, often because the first treatment was not completely successful.