In What Way Is a 'Negotiable' Instrument an Exception to the Nemo

question 15

Multiple Choice

In what way is a 'negotiable' instrument an exception to the nemo dat quod non habet rule?

• A) It is able to be transferred from one person to another.
• B) It can be passed from one person to another on terms to be decided by those parties.
• C) The right to the instrument is transferred with physical possession.
• D) It is of an amount yet to be determined.

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Definitions:

Revoked

To officially cancel or annul an authorization, license, or legal agreement.

Unequivocal

Leaving no doubt; unambiguous or clear in expression or meaning.

Timely Basis

The act of completing or delivering something within an expected or appropriate time frame.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, representing the earliest developmental stage of an embryo.