Multiple Choice
How does negotiation differ from assignment?
A) It consists of the right to receive payments.
B) It is the only mechanism by which a negotiable instrument may be transferred.
C) A party receiving an instrument by negotiation may obtain rights superior to those of the original holder.
D) A party receiving an instrument by negotiation receives only the rights of the transferor and no more.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A written order by one person directing
Q2: The act of transferring ownership of commercial
Q3: Which of the following is true of
Q5: Widespread use of instruments of credit
Q6: Transferranceis the act of transferring ownership of
Q7: Explain preauthorized debits and credits.
Q8: A holder who takes a negotiable instrument
Q9: The person who executes a promissory note
Q10: Electronic fund transfers that begin at retailers
Q11: Negotiable instruments have replaced the instruments of