Discharge

Question 1

What section explains the circumstances where any negotiable instrument is considered the discharge?  How many conditions?

Answer 1

119. five (5)

Payment in due course is made:
1. Payment of debtor or on his behalf
2. By the party accommodated.
3.  Intentional cancellation of the holder.
4.  In the act, which will just discharge a simple contract.
5.  When the principal debtor becomes a holder of the instrument at all or maturities in his own, right

Question 2

When is the person secondary liable can be discharge or an instrument? 120

Answer 2

 Let me see the new, 119