A person other than the owner of an instrument cannot be entitled to enforce it.

Name: A person other than the owner of an instrument cannot be entitled to enforce it.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under the principles of negotiability, a person who is in possession of a negotiable instrument and has obtained it through proper means can enforce the instrument even if they are not the original owner. This is often referred to as being a "holder in due course."

A Person Other Than the Owner of an Instrument Cannot