If Elin delivers a check payable to her order to First Bank without signing it and receives cash, the transfer is an assignment, not a negotiation.

Question

Quizplus · Accepted Answer

An assignment occurs when a check is transferred without being negotiated, meaning it is not signed by the payee. In this scenario, Elin did not sign the check and simply received cash from the bank, therefore it is an assignment.

If Elin Delivers a Check Payable to Her Order to First