What Is Meant by the Term "Delivery" in the Process

Multiple Choice

What is meant by the term "delivery" in the process of negotiation?

A) The physical handing of an instrument from someone entitled to it, to the person intended to receive it.
B) The passing of a warranty that the instrument is collectible.
C) The passing of a warranty that an instrument qualifies as a negotiable instrument.
D) The passing of a warranty that the recipient is a holder.
E) The passing of a warranty that the recipient is a holder in due course.