What is a transfer of an instrument?
A) issuance of the instrument
B) presentment of the instrument for payment
C) passage of the instrument other than issuance and presentment
D) cancellation of the instrument

Question

Quizplus · Accepted Answer

A transfer of an instrument refers to the passage of the instrument from one person to another, other than through issuance or presentment for payment. This can occur through endorsement, assignment, or other means.

What Is a Transfer of an Instrument