Under the Possession of Tangible Token Rule, the First Assignee

question 18

True/False

Under the possession of tangible token rule, the first assignee who receives delivery of the tangible token prevails over subsequent assignees.

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Definitions:

Non Obstante Veredicto

A legal term meaning "notwithstanding the verdict," used when a judge overturns a jury's decision or enters a judgment contrary to the jury's verdict.

Mens Rea

A legal principle that refers to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.

Demurrer

A legal challenge that objects to the sufficiency of a pleading without addressing the underlying facts.

Habeas Corpus

A legal writ requiring a person under arrest to be brought before a judge or into court, to secure the person's release unless lawful grounds are shown for their detention.