The UCC defines as "the first delivery of an instrument by the maker or drawer for the purpose of giving rights on the instrument to any person."
A)possession
B)negotiation
C)issue
D)transfer

Question

Quizplus · Accepted Answer

The correct term according to the Uniform Commercial Code (UCC) that describes "the first delivery of an instrument by the maker or drawer for the purpose of giving rights on the instrument to any person" is "issue."

The UCC Defines as "The First Delivery of an Instrument