The transfer of a nonnegotiable promise or order operates as an assignment.
Correct Answer:
Verified
Q11: The principal advantage of negotiable instruments is
Q12: The type of indorsement used in first
Q13: A bearer instrument is comparable to cash
Q14: Bearer paper runs to whomever is in
Q15: A negotiation obtained by duress,mistake,or fraud is
Q17: The requirements for negotiation are the same
Q18: Under the shelter rule,the transferee gets the
Q19: Subsequent indorsers are always bound by an
Q20: An indorsement limiting payment to a particular
Q21: The "value" requirement of a holder in
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