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:

Information Silos

Refers to a situation in which information is isolated within a department or unit within an organization, leading to inefficiencies and lack of synergy between different parts of the organization.

FAIS

Functional Area Information System, systems designed to manage data and information specific to the operations of a particular department or function within an organization.

Three Square Market

A company known for implementing microchip technology for employees, facilitating transactions and access within their facilities.

Microchip Insertion

The process of embedding a microchip, a small semiconductor device containing integrated circuits, into various objects, devices, or even living organisms for identification, data storage, or tracking purposes.