The transfer of a negotiable instrument in such a manner that the transferee becomes a holder is known as:
A) assignment.
B) negotiation.
C) indorsement.
D) accommodation.

Question

Quizplus · Accepted Answer

Negotiation is the process by which a negotiable instrument is transferred from one party to another in such a way that the transferee becomes the holder of the instrument, with the right to receive payment.

The Transfer of a Negotiable Instrument in Such a Manner