Multiple Choice
Which of the following actions by the holder causes an impairment of the right of recourse?
A) releasing an obligor party from liability
B) withholding collateral that would benefit that party
C) writing "canceled" on the face of the instrument
D) destruction of the instrument with the intent of eliminating the obligation
Correct Answer:
Verified
Correct Answer:
Verified
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Q14: A(n) _ is an action or event
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