A Holder in Due Course May Discharge the Liability of the Parties

question 35

Multiple Choice

A holder in due course may discharge the liability of the parties to the instrument by:

• A) publishing notice.
• B) canceling it.
• C) accidentally destroying it.
• D) paying for it even if it is a stolen one.

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Definitions:

Locus

(pl., loci) The place on the chromosome at which the gene for a given trait occurs (i.e., a segment of the chromosomal DNA containing information that controls some feature of the organism); also called gene locus.

Homozygous

Having a pair of identical alleles for a particular locus. Compare with heterozygous.

Heterozygous

Describes an individual having two different alleles for a specific gene.

Alleles

Genes governing variation of the same character that occupy corresponding positions (loci) on homologous chromosomes; alternative forms of a gene.