A Transfer of Order Paper

question 71

Multiple Choice

A transfer of order paper:

• A) gives the transferee the specifically enforceable right to have the unqualified indorsement of the transferor,whether the transfer was for value or not.
• B) to a bank,such as the deposit of a check,without an indorsement requires the bank to provide the customer's indorsement.
• C) not for value creates a presumption by the courts that the parties intended to negotiate rather than assign the paper.
• D) for value creates a presumption by the courts that a negotiation was intended by the parties unless the parties have agreed that the transfer is to be an assignment,which requires no indorsement.

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Definitions:

Communal Orientation

An attitude or approach that emphasizes the welfare and needs of the community as a whole over individual self-interest.

Good Moods

Emotional states characterized by feelings of happiness, satisfaction, or optimism.

Positive Mood

A state of feeling wherein individuals experience joy, satisfaction, and well-being.

Mortality Salience

The state of being reminded of one’s mortality.