Which of the Following Is True with Respect to the Law

Multiple Choice

Which of the following is true with respect to the law of negotiable instruments?

A) The Bills of Exchange Act is controlled by both federal and provincial legislation.
B) A holder in due course is in a better position than he or she would be as the receiver of contractual rights through assignment.
C) A bill of exchange involves two parties.
D) The Bills of Exchange Act governs the area of bankruptcy and insolvency.
E) Negotiable instruments are controlled by provincial legislation.