A negotiable instrument is markedly different from an ordinary assignment of contractual rights,where there can be any number of defences against paying.

Question

Quizplus · Accepted Answer

A negotiable instrument, unlike an ordinary assignment of contractual rights, carries the benefit of being able to be transferred free from most defenses that could be raised against the original party, making it a more secure and fluid form of financial instrument.

A Negotiable Instrument Is Markedly Different from an Ordinary Assignment