The ________ is a concept that if an item is transferred from one person to another, the transferee acquires all the rights the transferor had in the item.
A) principle shelter rule
B) shelter principle
C) transferee/transferor principle
D) transferor rule
E) holder in due course rule

Question

Quizplus · Accepted Answer

The shelter principle is the correct concept, which states that a transferee acquires all the rights in an item that the transferor had, allowing the transferee to step into the shoes of the transferor.

The ________ Is a Concept That If an Item Is