Multiple Choice
Which of the following best describes what a transfer is?
A) A transfer is when one bank account is shifted to another bank account.
B) A transfer is a holder who takes an instrument free from personal defenses.
C) A transfer is any passage of an instrument other than its issuance and presentment for payment.
D) A transfer is a universal defense to a negotiable instrument.
Correct Answer:
Verified
Correct Answer:
Verified
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