Except for the special provisions concerning depositary banks, if an order instrument is transferred without indorsement, the _____.
A) instrument has not been negotiated
B) transferee can qualify as a holder
C) transferee has the right to the qualified indorsement of the transferor
D) transferee has none of the rights of the transferor to enforce the instrument
Correct Answer:
Verified
Q18: Which of the following statements is true
Q19: Fraud in the essence is an example
Q20: An instrument payable to cash:
A) can be
Q21: An indorsement that specifies the purpose of
Q22: A claim in recoupment:
A) is a claim
Q24: A holder in due course takes a
Q25: Which of the following statements is true
Q26: If Jonathan indorses an instrument in blank
Q27: Which of the following statements is true
Q28: Bella contracted with Marco Furnishing to complete
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents