If a transferred negotiable instrument failed to qualify under the article 3 of the UCC, it is known as a(n) ________.
A) assignment
B) nonnegotiable contract
C) indorsement
D) restrictive indorsement
Correct Answer:
Verified
Q11: The transfer of rights under a nonnegotiable
Q20: Which of the following makes negotiable instruments
Q40: If the transferor is a holder in
Q41: An indorsement that contains the signature of
Q42: Which of the following can be claimed
Q43: Which one of the following would be
Q48: An indorser is allowed to indorse an
Q53: An indorsement with just the indorsee's signature
Q57: Where the name of the payee is
Q58: A restrictive indorsement can also be a
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