In some circumstances, Revised Article 3 allows a person to become a holder by negotiation even though the transfer of possession is involuntary.

Question

In some circumstances, Revised Article 3 allows a person to become a holder by negotiation even though the transfer of possession is involuntary.

Quizplus · Accepted Answer

In certain circumstances,Revised Article 3 allows a person to become a holder by negotiation even though the transfer of possession is involuntary.For example,if a negotiable instrument is payable to bearer and is stolen by Tom Thief or found by Fred Finder,Thief or Finder becomes the holder when he obtains possession.The involuntary transfer of possession of a bearer instrument results in a negotiation to Thief or Finder.

In Some Circumstances, Revised Article 3 Allows a Person to Become