A payee of a negotiable instrument can transfer that instrument to another person by negotiation.

Name: A payee of a negotiable instrument can transfer that instrument to another person by negotiation.
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Question

Quizplus · Accepted Answer

Negotiation is the process by which the payee or holder of a negotiable instrument, such as a check or promissory note, legally transfers the instrument and its rights to another person, making the transferee the lawful holder of the instrument.

A Payee of a Negotiable Instrument Can Transfer That Instrument