To Have the Full Benefit of Negotiability, Negotiable Instruments Must

question 3

Multiple Choice

To have the full benefit of negotiability, negotiable instruments must:

• A) meet the requirements of negotiability.
• B) meet the requirements of negotiability and be acquired by a party who notified the maker or drawer of the transfer.
• C) be acquired by a holder in due course.
• D) Both meet the requirements of negotiability  and also  be acquired by a holder in due course.

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Definitions:

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A word used in place of a noun to avoid repetition, such as he, she, it, they.

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