To have the full benefit of negotiability, negotiable instruments must:
A) meet the requirements of negotiability.
B) meet the requirements of negotiability and be acquired by a party who notified the maker or drawer of the transfer.
C) be acquired by a holder in due course.
D) Both meet the requirements of negotiability and also be acquired by a holder in due course.

Question

To have the full benefit of negotiability, negotiable instruments must:
A) meet the requirements of negotiability.
B) meet the requirements of negotiability and be acquired by a party who notified the maker or drawer of the transfer.
C) be acquired by a holder in due course.
D) Both meet the requirements of negotiability  and also  be acquired by a holder in due course.

Quizplus · Accepted Answer

To have the full benefit of negotiability, an instrument must meet the requirements of negotiability and be acquired by a holder in due course, who takes it free of many defenses.

To Have the Full Benefit of Negotiability, Negotiable Instruments Must