Multiple Choice
If the instrument is order paper,how can a person become a holder?
A) Transfer of its possession.
B) Its indorsement by the appropriate parties.
C) Both (a) and (b) are necessary.
D) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: Which of the following is not a
Q28: Horst, a holder in due course, buys
Q31: "Order paper" is negotiated by delivery only.
Q34: The customary manner of disclaiming the indorser's
Q39: If the issuer and the person paying
Q40: A "without recourse" indorsement eliminates all of
Q43: Joanne had a paycheck for $94 made
Q51: What is negotiation? How does one become
Q56: An indorsement must be written on the
Q64: An indorsement in trust creates a trust