When the transfer of a negotiable instrument is made either by assignment or by negotiation, the third party becomes a holder.

Name: When the transfer of a negotiable instrument is made either by assignment or by negotiation, the third party becomes a holder.
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Question

Quizplus · Accepted Answer

When the transfer of a negotiable instrument is made by negotiation, the third party becomes a holder. However, if the transfer is made by assignment, the third party does not become a holder but an assignee.

When the Transfer of a Negotiable Instrument Is Made Either