Once Issued, a Negotiable Instrument Can Be Transferred by Assignment

question 511

True/False

Once issued, a negotiable instrument can be transferred by assignment or by negotiation to another party.

---

Definitions:

Organizational Reward System

A structure within an organization designed to motivate employees by recognizing and rewarding their performance and achievements.

Political Performance Appraisals

Evaluations of an employee's work performance that are significantly influenced by office politics or the individual's position within the organizational power structure.

Taking Counsel

Taking counsel involves seeking advice or guidance from knowledgeable or experienced individuals before making significant decisions.

Durability

The ability of a product or material to withstand wear, pressure, or damage, maintaining its functionality over time.