Asked by Harun Abdullahi on Jun 30, 2024
Verified
Farmers Field LLC negotiates a bearer instrument to Grain Co-op by delivery
A) with an assignment of its rights under a contract.
B) with any necessary indorsement.
C) without more.
D) with formal presentment in response to a demand by the payee.
Bearer Instrument
A document that entitles the person holding it to ownership or to receive the benefits it confers.
Negotiates
The process of discussing an issue to reach an agreement or compromise between parties.
Farmers Field LLC
A specific entity or company, potentially involved in real estate, agriculture, or sports facility development. However, without more context, further specificity is not possible.
- Outline the steps and ramifications involved in the transfer of negotiable instruments like checks and notes.
- Understand the legal repercussions tied to the methods of negotiating and transferring instruments.
Verified Answer
TR
taylor rae brundigeJul 07, 2024
Final Answer :
C
Explanation :
Bearer instruments are negotiated by delivery alone, without the need for an indorsement or any other formalities.
Learning Objectives
- Outline the steps and ramifications involved in the transfer of negotiable instruments like checks and notes.
- Understand the legal repercussions tied to the methods of negotiating and transferring instruments.