If a Negotiable Instrument Is Transferred by Negotiation, the Transferee

If a negotiable instrument is transferred by negotiation, the transferee takes the instrument:

A) with all of the transferor's rights and responsibilities
B) free of the transferor's responsibilities
C) with the duties that have been assigned to the instrument by the bearer
D) with the rights that have been assigned to the instrument by the holder in due course
E) none of the other choices