Negotiation is a transfer in such form that the transferee becomes a holder.

Name: Negotiation is a transfer in such form that the transferee becomes a holder.
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Question

Quizplus · Accepted Answer

This statement accurately describes the legal concept of negotiation, where the transferee (recipient) of a negotiable instrument such as a check or promissory note becomes a holder with the right to enforce payment from the obligor (issuer).

Negotiation Is a Transfer in Such Form That the Transferee