Multiple Choice
Which of the following would constitute the creation of an assignment?
A) the transfer is of nonnegotiable instruments
B) a transfer qualifies as a negotiation under Article 3
C) a transferee qualifies as a holder in due course
D) the indorsement falls under the shelter principle
Correct Answer:
Verified
Correct Answer:
Verified
Q47: Under which of the following Uniform Commercial
Q48: The allonge must be affixed to an
Q49: Which of the following is true of
Q50: If a virgule is used, both parties
Q51: Nonrestrictive indorsements contain instructions from the indorser.
Q53: A holder can convert a blank indorsement
Q54: Which of the following makes negotiable instruments
Q55: Explain the transfer of nonnegotiable contracts by
Q56: Which of the following is true of
Q57: A person who takes a negotiable instrument