If a Negotiable Order Instrument Is Transferred to Another Party

question 16

Multiple Choice

If a negotiable order instrument is transferred to another party without an indorsement, the instrument has been:

• A) assigned.
• B) negotiated.
• C) obtained by fraud, and is therefore invalid.
• D) obtained by fraud, but may be ratified.

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Definitions:

Major Element

A chemical element that is found in significant amounts in a given sample or environment.

Pressure Injury

Damage to the skin and underlying tissue caused by prolonged pressure, frequently seen in patients who are bedridden or use wheelchair.

Fecal Incontinence

The inability to control bowel movements, leading to the involuntary loss of stool.

Capillary Refill

The time taken for color to return to an external capillary bed after pressure is applied; a measure of peripheral perfusion and circulatory status.