Which of the Following Would Constitute the Creation of an Assignment

question 52

Multiple Choice

Which of the following would constitute the creation of an assignment?

• A) the transfer is of nonnegotiable instruments
• B) a transfer qualifies as a negotiation under Article 3
• C) a transferee qualifies as a holder in due course
• D) the indorsement falls under the shelter principle

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Definitions:

Motion to Dismiss

A legal procedure by which a defendant requests the court to dismiss a case on specific grounds, such as lack of legal foundation or evidence.

Affirmative Defenses

Legal defenses used in litigation where the defendant introduces evidence, apart from denying the allegations, to avoid liability.

Depositions

Formal statements or testimonies taken under oath outside of court, used as evidence in legal proceedings.

Attorneys

Legal professionals who are licensed to practice law, advise and represent clients in legal matters, and may act as both advocates and advisors in court.