A negotiable instrument is negotiated when it is first issued as well as each time it transfers from party to party.

Name: A negotiable instrument is negotiated when it is first issued as well as each time it transfers from party to party.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A negotiable instrument, such as a check or promissory note, is considered negotiated each time it is transferred from one party to another, including when it is first issued. This transfer can occur through endorsement or delivery of the instrument.

A Negotiable Instrument Is Negotiated When It Is First Issued