In Which of the Following Situations Is the Obligor Not

question 32

Multiple Choice

In which of the following situations is the obligor not likely to be fully discharged from his or her liability on a negotiable instrument?

• A)Jerry wrote a check to Elaine.Elaine cashes the check later.
• B)Edward lends Monica $1,000 toward her college expenses.She gives Edward a promissory note for $1,000,which Edward accidentally tears up.
• C)On June 1,2002,Kim receives a draft from Kurt payable on July 1,2002.Kurt then pays her in cash and cancels the draft.
• D)John fraudulently increases the amount due on the check from Bruce.

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Definitions:

Group Dynamic

The patterns of interaction between members within a group, including how they communicate, form relationships, and work collectively.

Altruism

Selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.

Support Group

A gathering of individuals who share common experiences or issues, offering each other encouragement, understanding, and advice.

Being Sick

The state of experiencing illness or poor health.