If a transferred negotiable instrument fails to qualify under Article 3 of the Uniform Commercial Code (UCC) , it is known as a(n) ________.
A) assignment
B) nonnegotiable contract
C) indorsement
D) restrictive indorsement
Correct Answer:
Verified
Q3: A(n) _ is an instrument that is
Q4: An instrument that is not payable to
Q5: Which of the following is true of
Q6: Which of the following is a similarity
Q7: Which of the following can be exchanged
Q9: An instrument that is payable to a
Q10: Which of the following is true of
Q11: The transfer of rights under a nonnegotiable
Q12: Indorsements are required to negotiate bearer papers.
Q13: Explain the transfer of nonnegotiable contracts by
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