To Have the Full Benefit of Negotiability,negotiable Instruments Must

question 23

Multiple Choice

To have the full benefit of negotiability,negotiable instruments must:

• A)meet the requirements of negotiability.
• B)meet the requirements of negotiability and be acquired by a party who notified the maker or drawer of the transfer.
• C)be acquired by a holder in due course.
• D)Both (a) and (c).

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Definitions:

Dislocated Shoulder

A condition where the head of the upper arm bone is displaced from the shoulder socket, causing pain and immobility.

Scapula

A flat, triangular bone located in the upper back, part of the shoulder girdle.

Humerus

A long bone in the arm or forelimb that runs from the shoulder to the elbow.

Glenoid Cavity

A shallow depression on the lateral surface of the scapula that articulates with the head of the humerus to form the shoulder joint.