In the Process of Negotiation,what Is Meant by the Term

In the process of negotiation,what is meant by the term "delivery"?

A) The physical handing of an instrument from someone entitled to it to the person intended to receive it.
B) The passing of a warranty that the instrument is collectible.
C) The passing of a warranty that an instrument qualifies as a negotiable instrument.
D) The passing of a warranty that the recipient is a holder.
E) The passing of a warranty that the recipient is a holder in due course.