Multiple Choice
To have the full benefit of negotiability, negotiable instruments must:
A) meet the requirements of negotiability.
B) meet the requirements of negotiability and be acquired by a party who notified the maker or drawer of the transfer.
C) be acquired by a holder in due course.
D) Both meet the requirements of negotiability and also be acquired by a holder in due course.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The Revised Article 3 of the UCC
Q2: An incomplete instrument is not negotiable. However,
Q4: An assignee of contractual rights acquires only
Q5: In the development of the law of
Q6: A definite time required for negotiability would
Q7: Which article of the UCC governs "negotiable
Q8: A draft is payable "to the order
Q9: To be negotiable, the instrument must satisfy
Q10: Which of the following would be an
Q11: An authorization to confess judgment on the