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All Parties Are Discharged from Liability on a Negotiable Instrument

Question 67

Multiple Choice

All parties are discharged from liability on a negotiable instrument when ________.


A) the instrument is presented for payment
B) the signature of the indorser is intentionally struck out
C) the instrument is accidentally destroyed or mutilated
D) a drawee in good faith pays an unaccepted instrument in full to the holder

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