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Which of the following is not a characteristic of negotiable instruments?
  • a)
    The right to sue in case of dishonor
  • b)
    The ability to maintain a suit even with a defective title
  • c)
    The requirement to give notice of transfer to the party liable on the instrument
  • d)
    The ability to transfer the instrument by delivery or endorsement
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is not a characteristic of negotiable instrumen...
One of the characteristics of negotiable instruments is that the transferee does not need to give notice of transfer to the party liable on the instrument. This means that the transferee can enforce their rights on the instrument without informing the party who is supposed to make the payment.For example, if a promissory note is transferred from one person to another, the new holder can sue the maker of the note for payment without notifying them of the transfer.
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Which of the following is not a characteristic of negotiable instrumen...
One of the characteristics of negotiable instruments is that the transferee does not need to give notice of transfer to the party liable on the instrument. This means that the transferee can enforce their rights on the instrument without informing the party who is supposed to make the payment.For example, if a promissory note is transferred from one person to another, the new holder can sue the maker of the note for payment without notifying them of the transfer.
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Which of the following is not a characteristic of negotiable instruments?a)The right to sue in case of dishonorb)The ability to maintain a suit even with a defective titlec)The requirement to give notice of transfer to the party liable on the instrumentd)The ability to transfer the instrument by delivery or endorsementCorrect answer is option 'C'. Can you explain this answer?
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Which of the following is not a characteristic of negotiable instruments?a)The right to sue in case of dishonorb)The ability to maintain a suit even with a defective titlec)The requirement to give notice of transfer to the party liable on the instrumentd)The ability to transfer the instrument by delivery or endorsementCorrect answer is option 'C'. 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 Which of the following is not a characteristic of negotiable instruments?a)The right to sue in case of dishonorb)The ability to maintain a suit even with a defective titlec)The requirement to give notice of transfer to the party liable on the instrumentd)The ability to transfer the instrument by delivery or endorsementCorrect answer is option 'C'. 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 Which of the following is not a characteristic of negotiable instruments?a)The right to sue in case of dishonorb)The ability to maintain a suit even with a defective titlec)The requirement to give notice of transfer to the party liable on the instrumentd)The ability to transfer the instrument by delivery or endorsementCorrect answer is option 'C'. Can you explain this answer?.
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