Which of the Following Actions by a Holder Constitutes the Complete

question 3

Multiple Choice

Which of the following actions by a holder constitutes the complete cancellation of a negotiable instrument?

• A)intentionally destroying the negotiable instrument to eliminate obligation
• B)deliberately striking out the signature of an indorser
• C)releasing an obligor from liability
• D)surrendering collateral without the consent of the parties who would benefit from it

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Definitions:

Construct

A concept or theoretical variable that is not directly observable, but is used to describe or explain behavior in psychological and sociological research.

S Chart

A statistical process control chart used to monitor the variability of process performance.

Distribution Mean

The average of all values in a data set, calculated by summing the values and dividing by the number of observations, representing the center or location of the distribution.

Standard Deviation

An indicator of how much data points deviate from the central value, signifying the spread of the dataset.