If a Negotiable Instrument Is Assigned, the Assignee Has

question 372

Multiple Choice

If a negotiable instrument is assigned, the assignee has:

• A) no rights or liabilities after assignment
• B) the same contract rights as the assignor, but is relieved 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

---

Definitions:

Formal-Operational

Formal-operational stage is a phase in Piaget's theory of cognitive development when individuals gain the ability to think abstractly, logically, and systematically.

Intuitive Stage

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 4 and 7, where children start using intuition and perception but lack logical reasoning.

Concrete-Operational Stage

A phase in cognitive development, identified by Jean Piaget, where children begin to understand concrete, logical operations and can solve problems with physical objects.

Piagetian Stage

Stages of cognitive development proposed by Jean Piaget that describe how children's ability to think and reason evolves as they grow older.