If a Negotiable Instrument Is ____, the Transferee Takes the Instrument

question 519

Multiple Choice

If a negotiable instrument is ____, the transferee takes the instrument free of any of the transferor's contract obligations.

• A) transferred by assignment
• B) transferred by negotiation
• C) transferred by court
• D) assigned
• E) delegated

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Definitions:

Hair Follicle

A dynamic organ found in mammalian skin, responsible for the production of hair through cycles of growth and rest.

Subcutaneous Tissue

The layer of tissue beneath the skin that contains fat and connective tissues.

Epidermis

The surface layer of the skin, responsible for water resistance and establishing skin coloration.

Dermis

The layer of skin beneath the epidermis that contains nerve endings, sweat glands, and hair follicles.