What is meant by the term "delivery" in the process of negotiation?
A)The passing of a warranty that the recipient is a holder in due course.
B)The physical handing of an instrument from someone entitled to it,to the person intended to receive it.
C)The passing of a warranty that the recipient is a holder.
D)The passing of a warranty that the instrument is collectible.
E)The passing of a warranty that an instrument qualifies as a negotiable instrument.

Question

Quizplus · Accepted Answer

A)Delivery simply means the physical handing of an instrument from someone
entitled to it,to the person intended to receive it.
B)Delivery simply means the physical handing of an instrument from someone entitled to it,to the person intended to receive it.
C)Delivery simply means the physical handing of an instrument from someone entitled to it,to the person intended to receive it.
D)Delivery simply means the physical handing of an instrument from someone entitled to it,to the person intended to receive it.
E)Delivery simply means the physical handing of an instrument from someone entitled to it,to the person intended to receive it.

What Is Meant by the Term "Delivery" in the Process