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A Transfer of Order Paper

Question 55

Multiple Choice

A transfer of order paper:


A) gives the transferee the specifically enforceable right to have the unqualified indorsement of the transferor,whether the transfer was for value or not.
B) to a bank,such as the deposit of a check,without an indorsement requires the bank to provide the customer's indorsement.
C) not for value creates a presumption by the courts that the parties intended to negotiate rather than assign the paper.
D) for value creates a presumption by the courts that a negotiation was intended by the parties unless the parties have agreed that the transfer is to be an assignment,which requires no indorsement.

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