Under the UCC, a negotiation is not effective when it is made by a minor or any other person lacking capacity.

Name: Under the UCC, a negotiation is not effective when it is made by a minor or any other person lacking capacity.
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Question

Quizplus · Accepted Answer

Under the UCC, a negotiation can be effective even if made by a minor or any other person lacking capacity, as the UCC primarily focuses on the transfer of negotiable instruments and the rights of holders in due course, rather than the capacity of the parties involved.

Under the UCC, a Negotiation Is Not Effective When It