Multiple Choice
Which principle states that if an item is transferred from one person to another,the transferee acquires all the rights that the transferor had in the item?
A) Shelter
B) Holder
C) Holder-in-due-course
D) Assignee
E) Third-party-beneficiary
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q56: What are the conditions for a drawer
Q57: When a party's liability for a negotiable
Q58: Which of the following occurs when a
Q59: According to the Uniform Commercial Code,a party
Q60: Angry employee.Martin is in charge of payroll
Q62: Set forth the conditions under which a
Q63: If an instrument is not an unaccepted
Q64: Which of the following must occur for
Q65: Should the law recognize holder in due
Q66: Which of the following sections of the