Once issued, a negotiable instrument can be transferred by assignment or by negotiation to another party.

Name: Once issued, a negotiable instrument can be transferred by assignment or by negotiation to another party.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A negotiable instrument can be transferred by assignment, where the holder endorses and transfers ownership to another party, or by negotiation, where the holder transfers possession and ownership to another party by delivering the instrument.

Once Issued, a Negotiable Instrument Can Be Transferred by Assignment