menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 7
  4. Exam
    Exam 24: Liability, Defenses, and Discharge
  5. Question
    An Instrument Is Not Considered Canceled If It Is Destroyed
Solved

An Instrument Is Not Considered Canceled If It Is Destroyed

Question 1

Question 1

True/False

An instrument is not considered canceled if it is destroyed or mutilated by accident or by an unauthorized third party.

Correct Answer:

verifed

Verified

Related Questions

Q2: Harold borrows $20,000 from Alex and signs

Q3: Those who are secondarily liable on negotiable

Q4: In the context of instruments that are

Q5: The holder of a negotiable instrument can

Q6: A signature in the lower-right corner of

Q7: Transfer warranties cannot be disclaimed with respect

Q8: Absolute liability to pay a negotiable instrument,

Q9: Which of the following is a similarity

Q10: List the presentment warranties related to negotiable

Q11: Which of the following is a rule

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines