Multiple Choice
The transfer of commercial paper in such a manner that the transferee becomes a holder is known as:
A) assignment.
B) negotiation.
C) indorsement.
D) accommodation.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Identify the type of indorsement each of
Q2: The principal advantage of negotiable instruments is
Q22: Is the negotiation of an instrument ever
Q43: An indorsement "Pay Alice Adams" is an
Q46: Lily drew a check on First Bank
Q46: A qualified indorsement plus delivery would transfer
Q47: What is the effect of a qualified
Q47: Federal Reserve Board guidelines for checks:<br>A)require indorsements
Q53: Under the shelter rule, the transferee gets
Q61: A negotiation may be valid to transfer