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Business, 16.04.2020 22:11 sash0924

Suppose Blue lent his friend Iris $1,000 for a year via a negotiable instrument. When it was time to pay, Iris gave Blue a hard-luck story about how her life was not going according to plan and she just couldn't pay back the loan. She asked Blue to cancel the negotiable instrument. Blue, being a compassionate man, agreed. Is Iris discharged from her obligation to pay?

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Suppose Blue lent his friend Iris $1,000 for a year via a negotiable instrument. When it was time to...
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