Which of the following is the principle that if an item is transferred from one person to another,the transferee acquires all the rights the transferor had in the item?
A)The shelter principle.
B)The holder principle.
C)The transfer principle.
D)The transferee principle.
E)The transferor principle.

Question

Quizplus · Accepted Answer

A)Generally,if an item is transferred from one person to another,the transferee
acquires all the rights the transferor had in the item.This idea is called the shelter principle [UCC Section 3-203b)].
B)Generally,if an item is transferred from one person to another,the transferee acquires all the rights the transferor had in the item.This idea is called the shelter principle [UCC Section 3-203b)].
C)Generally,if an item is transferred from one person to another,the transferee acquires all the rights the transferor had in the item.This idea is called the shelter principle [UCC Section 3-203b)].
D)Generally,if an item is transferred from one person to another,the transferee acquires all the rights the transferor had in the item.This idea is called the shelter principle [UCC Section 3-203b)].
E)Generally,if an item is transferred from one person to another,the transferee acquires all the rights the transferor had in the item.This idea is called the shelter principle [UCC Section 3-203b)].

Which of the Following Is the Principle That If an Item