A negotiation to transfer an instrument cannot be effective if it is made by a person without contractual capacity.

Name: A negotiation to transfer an instrument cannot be effective if it is made by a person without contractual capacity.
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Question

A negotiation to transfer an instrument cannot be effective if it is  made by a person without contractual capacity.

Quizplus · Accepted Answer

Negotiation of an instrument can still be effective even if made by a person without contractual capacity, as the validity of the negotiation does not depend on the capacity of the negotiator but on the transfer of rights according to the terms of the instrument.

A Negotiation to Transfer an Instrument Cannot Be Effective If