How does negotiation differ from assignment?
A) It consists of the right to receive payments.
B) It is the only mechanism by which a negotiable instrument may be transferred.
C) A party receiving an instrument by negotiation may obtain rights superior to those of the original holder.
D) A party receiving an instrument by negotiation receives only the rights of the transferor and no more.
Correct Answer:
Verified
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Q16: A holder who takes a negotiable instrument
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