The most important part of understanding the role of negotiable instruments is realizing that they move from party to party through a legally defined process called:
A) negotiation
B) litigation
C) arbitration
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

Negotiable instruments, such as checks or promissory notes, are transferred from one party to another through a process called negotiation. This process allows the instruments to be passed along while maintaining their value and the obligations attached to them.

The Most Important Part of Understanding the Role of Negotiable