The transfer of rights under a nonnegotiable contract is known as a(n) ________.
A) assignment
B) negotiation
C) indorsement
D) dishonored instrument

Question

Quizplus · Accepted Answer

Non-negotiable contracts cannot be transferred through negotiation or endorsement. The only way to transfer rights under a non-negotiable contract is through assignment, where the original party transfers their rights to another party.

The Transfer of Rights Under a Nonnegotiable Contract Is Known