The rights of a holder of a negotiable document of title to whom it has been duly negotiated include:
A) title to the document.
B) title to the goods.
C) all rights accruing under the law of agency or estoppel.
D) All of these are rights.

Question

Quizplus · Accepted Answer

Negotiable documents of title, when duly negotiated, confer upon the holder several rights including title to the document itself, title to the goods covered by the document, and all rights accruing under the law of agency or estoppel. This comprehensive set of rights facilitates the buying, selling, and financing of goods in transit or storage.

The Rights of a Holder of a Negotiable Document of Title