Multiple Choice
Which of the following is false regarding the means by which an instrument may be cancelled by a person entitled to enforce it?
A) A party may cancel an instrument by intentionally mutilating the instrument.
B) Consideration is necessary before a cancellation,a form of contractual agreement,is effective.
C) A party may cancel an instrument by simply writing "paid" on the instrument.
D) A party may cancel an instrument by intentionally destroying the instrument.
E) A party may cancel an instrument by giving the instrument to the obliged party.
Correct Answer:
Verified
Correct Answer:
Verified
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