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Which of the Following Is True About the Assignment and the Negotiation

Question 28

Multiple Choice

Which of the following is true about the assignment and the negotiation of a negotiable instrument?


A) An assignment does not require a signature whereas a negotiation does.
B) A negotiation results in a transfer of rights,but an assignment does not.
C) An assignment applies to bearer paper,and a negotiation applies to order paper.
D) An assignment can transfer no greater rights than those held by the transferor,whereas the transferee in a negotiation can receive greater rights than those held by the transferor.

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