EXCEPT: 150 flowing conditions release an endorser from Alanina tender of payment by a prior party the release of a prior party's bigation or the release of the debtor the intentional cancellation of the endorser's signature by the holder D) any act that completes the negotiation of the instrument, such as payment QUESTION 16 in order t o commercial Code the the n the paper Who we found on the paper and transferred to another byen Alenderis able for any los suffered by the end law provides ajal term to the endorser, but not compensation to the endorsee endorser is able up to 1500 for the loss suffered by the endorse Dendre cannot see any remedy from the endorser QUESTION 17 17) The party who has taken commercial paperin good and for a before m y and without actual cont ent of any defects in the mentis Art Bendorser of the instrument holder in due course 5) The parties involved in a draft or a check have particular names. The person who receives the money is called the: A) payee. B) drawer C) holder D) payer. QUESTION 19 19) If a completed negotiable instrument comes into the possession of an immediate party (the payee indicated on the instrument) before the maker or drawer has delivered it, then the A drawer only can collect on the instrument B) payee can collect on the instrument payer only can collect on the instrument. Dpayee cannot collect on the instrument. a ty EXCEPT: 15) e lowing conditions as an endorser from An invalid tender of payment by a prior party the release of a prior party's obligation of the release of the debtor the intentional cancellation of the endorser's signature by the holder D) any act that completes the negotiation of the instrument, such as payment QUESTION 16 16 in order to ensure negotiably the Uniform Commercial Code assume that the endorser is the true owner of the paperhe or she found or stole the paper and transferred to another by endorsement, the A endorser is able for any loss suffered by the endorsee w provides a term is the andre, but not compensation to the end endorser is up to 1500 for the loss suffered by the endorsee Dindorsee cannot see any remedy from the endorser QUESTION 12 17) The party who has taken commercial paper in good faith and for value before maturity, and without actual or constructive notice of any defects in the instrument is an Al incorporate B) endorser of the instrument holder in due course