Essay
Answer the following:
a. What is negotiation? How does one become a "holder" of an instrument?
b. What is the difference between "transfer" and "negotiation"? Explain.
Negotiation is the voluntary or involuntary transfer of an instrument by a person
Correct Answer:
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a. other than the issuer in such a manner that the transferee becomes a holder. A
person becomes a holder by receiving possession of an instrument drawn, issued,
or indorsed to him, or to his order or...View Answer
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Correct Answer:
Verified
a. other than the issuer in such a manner that the transferee becomes a holder. A
person becomes a holder by receiving possession of an instrument drawn, issued,
or indorsed to him, or to his order or...
person becomes a holder by receiving possession of an instrument drawn, issued,
or indorsed to him, or to his order or...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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