Which of the Following Is True Regarding Simple Contracts as Compared

question 20

Multiple Choice

Which of the following is true regarding simple contracts as compared to negotiable instruments?

• A) Simple contracts are assigned to an assignee, while negotiable instruments are negotiated to a holder.
• B) Simple contracts may be assigned to an assignee or negotiated to a holder while negotiable instrument may only be negotiated to a holder in due course.
• C) Simple contracts may be assigned to an assignee or negotiated to a holder while negotiable instrument may only be negotiated to a holder.
• D) Simple contracts may not be assigned while negotiable instruments may be negotiated to holder.
• E) Simple contracts may be assigned to a holder while negotiable instruments may not be assigned or negotiated.