The Transferring of an Instrument in Such a Way as to Make

question 39

Multiple Choice

The transferring of an instrument in such a way as to make the transferee the holder of the paper is termed:

• A) an assignment.
• B) a conversion.
• C) a sale.
• D) a negotiation.

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Definitions:

International Federation

A global organization or association that represents and governs a specific set of standards or interests across nations.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Service Firms

Companies that provide intangible products, such as consulting, banking, and legal services, to their customers.

Generate Revenues

The process of bringing in money from sales of goods or services that a company offers to its customers.