The Holder of a Negotiable Instrument Can Discharge the Liability

question 12

Multiple Choice

The holder of a negotiable instrument can discharge the liability of any party to the instrument by ________.

• A) cancellation of instrument
• B) accommodation of instrument
• C) indorsement of instrument
• D) mutilation of instrument

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Definitions:

Overjustification Effect

A phenomenon where providing excessive external rewards for an already internally rewarding activity can lead to a reduction in intrinsic motivation.

Cognitive Process

The mental actions or operations involved in acquiring knowledge and understanding through thought, experience, and the senses.

Academic Successes

Achievements attained in educational settings, often measured by grades, awards, or degree completion.

Weak Students

Refers to learners who may have difficulty keeping pace with standard academic requirements due to various reasons, including but not limited to, learning disabilities, lack of support, or socio-economic barriers.