All the Following Conditions Release an Endorser from Liability EXCEPT

question 21

Multiple Choice

All the following conditions release an endorser from liability EXCEPT:

• A) any act that completes the negotiation of the instrument, such as payment.
• B) the release of a prior party's obligation or the release of the debtor
• C) the intentional cancellation of the endorser's signature by the holder
• D) an invalid tender of payment by a prior party.

---

Definitions:

Market Signals

Indications or signs derived from market data that can suggest the future direction of market prices.

Sarbanes-Oxley Act

A U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Corporate Governance

A system of rules, practices, and processes by which a company is directed and controlled, focusing on balancing the interests of stakeholders.

Financial Intermediary

An institution that acts as a middleman between investors and borrowers, facilitating the flow of funds in the financial market.