True/False
Discharge applies to the individual, not to the instrument, and a person's liability may be discharged with regard to one party but not to another.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: If a holder presents a note for
Q3: Zelda signs a promissory note for $2,500
Q4: Arthur is the payee of a negotiable
Q5: Kelly wrote a check to Trish, which
Q7: a.What warranties are given by an indorser?
Q8: A drawee bank's refusal to certify a
Q9: Molly makes a note payable to the
Q10: An obligation to pay a negotiable instrument
Q11: Primary liability does not apply to issuers
Q47: An accommodation maker is not liable on