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:

Issue-by-issue Final Offer

A bargaining strategy where each issue is negotiated separately, and final offers are made for each issue rather than a collective final offer covering all points.

Arbitrator

A neutral third party chosen to settle a dispute or interpret contract terms between two other parties, typically outside the court system.

Whole Package

An all-encompassing term often used in negotiations or deals, referring to the total set of benefits, features, or offerings provided.

Narcotic Effect

A concept in psychology and sociology referring to the diminished response of an individual or group to a stimulus or event due to repeated exposure over time.