Asked by
Sydney Moreland
on Dec 18, 2024
Verified
In which of the following ways does an assignee from a simple contract differ from a holder of a negotiable instrument?
A) A holder has greater rights than the transferor.
B) A holder has less rights than the transferor.
C) An assignee has greater rights than the transferor.
D) An assignee has less rights than the transferor.
E) An assignee and a holder's rights are equivalent.
Assignee
The party who receives rights or interests in a contract from the assignor.
Holder
An individual or entity that legally possesses a negotiable instrument, such as a check or promissory note, and has the right to enforce its terms.
- Acquire knowledge about the positions and liabilities of parties engaged in negotiable instruments.
- Discuss the legal outcomes related to disputes over negotiable instruments.
Verified Answer
GS
Learning Objectives
- Acquire knowledge about the positions and liabilities of parties engaged in negotiable instruments.
- Discuss the legal outcomes related to disputes over negotiable instruments.