Which of the following is true about the assignment and the negotiation of a negotiable instrument?
A) An assignment does not require a signature whereas a negotiation does.
B) A negotiation results in a transfer of rights,but an assignment does not.
C) An assignment applies to bearer paper,and a negotiation applies to order paper.
D) An assignment can transfer no greater rights than those held by the transferor,whereas the transferee in a negotiation can receive greater rights than those held by the transferor.
Correct Answer:
Verified
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