What is transfer of an instrument?
A)the issuance of the instrument
B)the presentment for payment of the instrument
C)the passage of the instrument other than issuance and presentment
D)the cancellation of the instrument

Question

Quizplus · Accepted Answer

Transfer of an instrument refers to the passing of the instrument from one person to another, other than its issuance or presentment for payment. This can be through endorsement or delivery, and allows the new holder to receive the benefits and obligations of the instrument.

What Is Transfer of an Instrument