True/False
A person entitled to enforce a negotiable instrument may not discharge the liability of the parties to the instrument by canceling or renouncing it.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: Anne borrows $2,000 from Jerry and gives
Q39: Peter draws a check on his account
Q40: When a representative signs an authorized signature
Q41: When an incomplete instrument is completed after
Q42: A person who is secondarily liable is
Q44: Which of the following parties is primarily
Q45: Themba stole Umi's checkbook and wrote a
Q46: Revised Article 3 of the Uniform Commercial
Q47: An indorser's liability is discharged if the
Q48: Discuss the obligation of the maker of