A negotiable instrument cannot be transferred by assignment.
Correct Answer:
Verified
Q6: A holder takes an instrument for value
Q7: An unqualified indorsement does not guarantee payment
Q8: A blank indorsement does not specify a
Q9: A purchaser cannot become an HDC of
Q10: If an instrument is acquired as part
Q12: A person who does not qualify as
Q13: A person who takes a negotiable instrument
Q14: A demand instrument is overdue on the
Q15: A restrictive indorsement prohibits further negotiation of
Q16: An instrument is not defective because it
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