Multiple Choice
Which of the following is synonymous,in legal terms,with the concept that liability for payment of a negotiable instrument is independent of the original debtor-creditor relationship?
A) A negotiable instrument has a life of its own.
B) Each cheque is valuable evidence of contractual obligations.
C) There is always good reason for liability to be borne by the other party.
D) It is convenient and dependable for commerce.
Correct Answer:
Verified
Correct Answer:
Verified
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