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

Question

Quizplus · Accepted Answer

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 3-203(b)].

Which of the Following Is the Principle That If an Item