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If a Negotiable Instrument Is Assigned, the Assignee Has

Question 203

Multiple Choice

If a negotiable instrument is assigned, the assignee has:


A) the same contract rights and responsibilities as the assignor
B) the same contract rights as the assignor, but is relieved of assignor's responsibilities
C) the same responsibilities as the assignor, but not the contract rights of the assignor
D) neither the rights or responsibilities of the assignors; those are determined by a new contract between the parties
E) none of the other choices

Correct Answer:

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