Noah transfers an instrument to Olivia in a form and by a means that makes Olivia a "holder." This is
A) none of the choices.
B) an assignment.
C) a negotiation.
D) a sale.

Question

Noah transfers an instrument to Olivia in a form and by a means that makes Olivia a "holder." This is​
A) ​none of the choices.
B) ​an assignment.
C) ​a negotiation.
D) ​a sale.

Quizplus · Accepted Answer

Transferring an instrument in a way that makes the recipient a "holder" involves negotiation, which is the transfer of possession and endorsement of the instrument, without necessarily involving a sale or assignment.

Noah Transfers an Instrument to Olivia in a Form and by a Means