When a holder in due course transfers an instrument,the recipient acquires all the same rights even if he is not a holder in due course himself.This is the definition of:
A) negotiability.
B) the shelter rule.
C) a claim in recoupment.
D) a special indorsement.
Correct Answer:
Verified
Q17: Hayden owes Luther $5000.Hayden will only be
Q19: Generally,Rita signs her name using an infinity
Q21: Laurel Speckle received a check from State
Q26: To be negotiable,a check must be in
Q28: The Scott v.Mayflower Home Improvement Corp.case applied:
A)the
Q29: Kent Weston wrote a check for $500
Q31: Which of the following requirements must an
Q32: Sonny has a negotiable instrument which he
Q34: In good faith,Clinton gave Jane $500 for
Q36: Tim buys a high-powered tool from Binford
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