In an assignment,the assignee cannot receive greater rights than those held by the assignor.
Correct Answer:
Verified
Q73: An instrument that is payable to a
Q74: In negotiable instruments,negotiation refers to the process
Q75: An indorsement is the signature of the
Q76: Negotiation is the transfer of commercial paper
Q77: Regardless of whether the instrument involved is
Q79: When proper negotiation occurs,it is possible for
Q80: If you run out of room on
Q81: A qualified indorsement can be either a
Q82: Kathy endorses a check for which she
Q83: "Pay to Kathy Young" is a restrictive
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents