Asked by Irina Eriomov on May 06, 2024
Verified
Once an instrument is negotiable, it remains negotiable.
Negotiable
Capable of being transferred or assigned to another party in return for value received; often used in reference to financial instruments.
- Become familiar with the idea of negotiability and the specific traits that qualify an instrument for negotiability.
Verified Answer
SH
SHEAK HABIBUR RAHAMANMay 13, 2024
Final Answer :
True
Explanation :
Negotiability is a characteristic of certain types of instruments that, once established, does not change for that instrument. It means the instrument can be transferred from one party to another in a way that the transferee obtains certain legal rights to enforce the instrument, typically free from any defenses that could be raised by the original parties.
Learning Objectives
- Become familiar with the idea of negotiability and the specific traits that qualify an instrument for negotiability.