To transfer title effectively through negotiation of the document of title, it must be "duly negotiated."

Question

Quizplus · Accepted Answer

To transfer title effectively through negotiation of the document of title, it must be "duly negotiated," which means that the document must be transferred in the manner prescribed by the document of title or by law. This requires endorsement and delivery of the document to the transferee or subsequent holder in due course.

To Transfer Title Effectively Through Negotiation of the Document of Title