Asked by
Tiffany Donaldson
on Dec 19, 2024
Verified
Wang obtains a loan from Xi and signs a note for the amount payable to the lender, who indorses the note and negotiates it to Yuri. Zhang acquires the note from Yuri, and subsequently agrees not to sue Wang on the note. This discharges
A) none of the parties.
B) Xi only.
C) Xi and Yuri.
D) Yuri only.
Negotiates
The process of discussing something to reach an agreement, especially in a business or political context.
Sue
To initiate legal proceedings against a person or entity.
Loan
A sum of money borrowed from a lender that is expected to be paid back with interest.
- Gain insight into the aspects of liability and discharge within the realm of negotiable instruments.
Verified Answer
CM
Learning Objectives
- Gain insight into the aspects of liability and discharge within the realm of negotiable instruments.