Multiple Choice
Which of the following is not true?
A) To have the full benefit of negotiability,negotiable instruments not only must meet the requirements of negotiability but also must be acquired by a holder in due course.
B) A transferee of a negotiable instrument can acquire rights no greater than those of the transferor.
C) A holder in due course takes a negotiable instrument free of most of the defenses to which an assignee would be subject.
D) The number of checks written each year has decreased in recent years.
Correct Answer:
Verified
Correct Answer:
Verified
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