Multiple Choice
Except for the special provisions concerning depositary banks, if an order instrument is transferred without indorsement, the _____.
A) instrument has not been negotiated
B) transferee can qualify as a holder
C) transferee has the right to the qualified indorsement of the transferor
D) transferee has none of the rights of the transferor to enforce the instrument
Correct Answer:
Verified
Correct Answer:
Verified
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