Why would a holder be able to cancel the obligation of an indorser on an instrument but

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Why would a holder be able to cancel the obligation of an indorser on an instrument but not be required to cancel the obligation of the primary obligor at the same time?

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Law for business and personal use

ISBN: 978-0538445887

18th edition

Authors: John E. Adamson

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Question Posted: Aug 26, 2020 08:29 AM

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Why would a holder be able to cancel the obligation of an indorser on an instrument but

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drwer r n indrser will be lible nly if the rty tht is rimrily resnsible fr ying the instrument refus...View the full answer

Law for business and personal use

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