a.) it does not affect future attemps to negotiate the instrument b.) it applies only to payments made to a depositary b

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answerhappygod
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a.) it does not affect future attemps to negotiate the instrument b.) it applies only to payments made to a depositary b

Post by answerhappygod »

a.) it does not affect future attemps to negotiate the instrument
b.) it applies only to payments made to a depositary bank
c.) it generally does kot make a person liable on the instrument even if he or she is engaged in any illegality affecting the instrument
d.) it makes a person liable on an instrument indorsed by him or her if the person primarily liable on it does not pay it
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