Multiple Choice
Which of the following occurs when a former holder of an instrument has the instrument transferred back to him or her by negotiation or other means?
A) Reacquisition
B) Release
C) Renunciation
D) Cancellation
E) Recourse
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Serayah received a check written by Sam
Q74: Which of the following results in liability
Q74: If Teren sends Clem a letter, telling
Q75: Which of the following was the result
Q76: A party who signs a negotiable instrument
Q77: A bank's refusal to pay an instrument
Q78: When a holder presents an instrument in
Q81: When a party's liability for a negotiable
Q84: Which of the following is false regarding
Q85: If Kyoko makes a proper tender of