Multiple Choice
The transfer of a negotiable instrument by a person other than the issuer to a person who thereby becomes a holder is referred to as a(n) ________.
A) negotiation
B) assignment
C) indorsement
D) insurance
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q32: An indorsement that does not specify a
Q33: If a person promises to perform but
Q34: An instrument can be converted from order
Q35: An indorsement that contains the signature of
Q36: An indorser is allowed to indorse an
Q38: Which of the following requirements has to
Q39: If an instrument is payable jointly using
Q40: What happens if the name of the
Q41: Explain the requirement for a holder in
Q42: Which of the following would be a