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Which of the Following Actions by a Holder Constitutes the Complete

Question 3

Multiple Choice

Which of the following actions by a holder constitutes the complete cancellation of a negotiable instrument?


A) intentionally destroying the negotiable instrument to eliminate obligation
B) deliberately striking out the signature of an indorser
C) releasing an obligor from liability
D) surrendering collateral without the consent of the parties who would benefit from it

Correct Answer:

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