By paying the holder on an instrument,a party may be discharged from liability.

Name: By paying the holder on an instrument,a party may be discharged from liability.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

It is true that by paying the holder on an instrument, a party may be discharged from liability. This is because payment satisfies the obligation of the party to the holder of the instrument, thereby releasing them from any further responsibility or liability related to that particular transaction.

By Paying the Holder on an Instrument,a Party May Be