Multiple Choice
A transfer of an instrument where the transferee can never acquire better rights than the transferor is called a(n) :
A) indorsement.
B) negotiation.
C) novation.
D) invalidation.
E) assignment
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: In an assignment,the assignee cannot receive greater
Q45: An instrument can be a sight draft
Q46: The drawee becomes liable to pay a
Q47: On January 10,2011,Jonathan writes a check,payable to
Q48: When the name of a payee or
Q50: Once created,a negotiable instrument can be transferred
Q51: If sufficient credible witnesses are brought forth,an
Q52: If requirements established by Article 3 of
Q53: All negotiable instruments can be classified into
Q54: The essence of the fixed amount requirement