Multiple Choice
In which of the following situations is the obligor not likely to be fully discharged from his or her liability on a negotiable instrument?
A) Jerry wrote a check to Elaine.Elaine cashes the check later.
B) Edward lends Monica $1,000 toward her college expenses.She gives Edward a promissory note for $1,000,which Edward accidentally tears up.
C) On June 1,2002,Kim receives a draft from Kurt payable on July 1,2002.Kurt then pays her in cash and cancels the draft.
D) John fraudulently increases the amount due on the check from Bruce.
Correct Answer:

Verified
Correct Answer:
Verified
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