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What does the term "negotiable" mean in relation to negotiable instruments?
  • a)
    Transferable from one person to another by endorsement and delivery
  • b)
    Transferable only by mere delivery
  • c)
    Transferable by endorsement and delivery, but not by mere delivery
  • d)
    Transferable by endorsement and delivery, or by mere delivery
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What does the term "negotiable" mean in relation to negotiab...
The term "negotiable" in relation to negotiable instruments means that the instrument can be transferred from one person to another by endorsement and delivery. This means that the instrument can be legally passed on to another party by signing and delivering it to them. This transfer can be done in return for consideration, which is typically a payment or other valuable exchange. The transferee then becomes the new holder of the instrument and has the right to enforce its payment.For example, if a promissory note is made payable to a specific person, that person can transfer the note to another person by endorsing it and delivering it. The new holder then has the right to collect the payment specified in the note.
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What does the term "negotiable" mean in relation to negotiab...
The term "negotiable" in relation to negotiable instruments means that the instrument can be transferred from one person to another by endorsement and delivery. This means that the instrument can be legally passed on to another party by signing and delivering it to them. This transfer can be done in return for consideration, which is typically a payment or other valuable exchange. The transferee then becomes the new holder of the instrument and has the right to enforce its payment.For example, if a promissory note is made payable to a specific person, that person can transfer the note to another person by endorsing it and delivering it. The new holder then has the right to collect the payment specified in the note.
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What does the term "negotiable" mean in relation to negotiable instruments?a)Transferable from one person to another by endorsement and deliveryb)Transferable only by mere deliveryc)Transferable by endorsement and delivery, but not by mere deliveryd)Transferable by endorsement and delivery, or by mere deliveryCorrect answer is option 'A'. Can you explain this answer?
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What does the term "negotiable" mean in relation to negotiable instruments?a)Transferable from one person to another by endorsement and deliveryb)Transferable only by mere deliveryc)Transferable by endorsement and delivery, but not by mere deliveryd)Transferable by endorsement and delivery, or by mere deliveryCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does the term "negotiable" mean in relation to negotiable instruments?a)Transferable from one person to another by endorsement and deliveryb)Transferable only by mere deliveryc)Transferable by endorsement and delivery, but not by mere deliveryd)Transferable by endorsement and delivery, or by mere deliveryCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the term "negotiable" mean in relation to negotiable instruments?a)Transferable from one person to another by endorsement and deliveryb)Transferable only by mere deliveryc)Transferable by endorsement and delivery, but not by mere deliveryd)Transferable by endorsement and delivery, or by mere deliveryCorrect answer is option 'A'. Can you explain this answer?.
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