alleryStart learning →A holder cancels an indorser's name intending to discharge him. The indorser is:
ADischarged from liability
BLiable if he is told
CLiable to the drawee
DStill fully liable
Answer & Solution
Correct answer: A. Discharged from liability
Section 82(a) discharges an indorser whose name the holder cancels with intent to discharge him.
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