In the Development of the Law of Negotiable Instruments, Which

question 38

Multiple Choice

In the development of the law of negotiable instruments, which of the following was not a step?

• A) Centuries ago, contract rights to the payment of money were not assignable because the contractual promise ran to the promisee.
• B) Contractual rights became assignable to third parties.
• C) The law of assignments changed to permit assignees to obtain greater rights than their assignors.
• D) The concept of a holder in due course developed, which allowed certain good faith transferees who gave value to acquire the right to be paid, free of most of the defenses to which an assignee would be subject.

---

Definitions:

Pursuit Of Wealth

The dedicated effort to accumulate monetary resources and material possessions as a measure of success or security.

Polygraph

A machine designed to detect physiological changes in a person's body when they answer questions, used to infer the truthfulness of their responses.

Cross-Cultural Similarities

Aspects, behaviors, or traits that are common or shared across different cultures.

Emotional Experience

The complex state of feeling that results in physical and psychological changes that influence thought and behavior.