Mort negotiates an instrument to Nell. This is the transfer of an instrument
A) for valuable consideration under a contract.
B) in such form that the transferee becomes a holder.
C) pursuant to preliminary contract discussions.
D) without the payment of a recognized medium of exchange.

Question

Quizplus · Accepted Answer

Negotiation of an instrument involves transferring it in such a form that the transferee becomes a holder, which means they have the rights to enforce the instrument.

Mort Negotiates an Instrument to Nell