Which principle states that if an item is transferred from one person to another,the transferee acquires all the rights that the transferor had in the item?
A)Shelter
B)Holder
C)Holder-in-due-course
D)Assignee
E)Third-party-beneficiary

Question

Quizplus · Accepted Answer

Uniform Commercial Code Section 3-203(b)sets forth the shelter principle,which holds that if an item is transferred from one person to another,the transferee acquires all the rights that the transferor had in the item

Which Principle States That If an Item Is Transferred from One