Multiple Choice
Which of the following is an Article 3 personal defense to liability on a negotiable instrument?
A) Nonissuance of an instrument.
B) Modification of obligation by separate agreement.
C) Nondelivery of the instrument.
D) Nonissuance of an instrument, modification of obligation by separate agreement, and nondelivery of the instrument.
E) Nondelivery of the instrument or nonissuance of the instrument, but not modification of obligation by separate agreement.
Correct Answer:
Verified
Correct Answer:
Verified
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