If a Negotiable Instrument Is Assigned, the Assignee Has

question 164

Multiple Choice

If a negotiable instrument is assigned, the assignee has:

• A) the same contract rights and responsibilities as the assignor
• B) the same contract rights as the assignor, but is relieved of assignor's responsibilities
• C) the same responsibilities as the assignor, but not the contract rights of the assignor
• D) neither the rights or responsibilities of the assignors; those are determined by a new contract between the parties
• E) none of the other choices

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Definitions:

Reciprocity Liking

The tendency to develop positive feelings for individuals who show that they like or appreciate us.

Mutual Friend

A person who has an established friendship with two or more individuals, potentially serving as a social link or intermediary between them.

Biologically-Based Standards

Guidelines or criteria that are grounded in biological characteristics or processes.

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