Multiple Choice
Who is discharged if a holder strikes out a prior indorsement on a negotiable instrument?
A) only the party whose name was stricken
B) the party whose name was stricken, and all prior indorsers
C) the party whose name was stricken, and all subsequent indorsers
D) all indorsers
E) no indorser is discharged
Correct Answer:
Verified
Correct Answer:
Verified
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