Asked by Jovelyn Angell on Jun 04, 2024
Verified
Whether a transfer is by assignment or by negotiation, the transferee does not acquire the rights the transferor had.
Assignment
A transfer of rights or property from one party to another.
Transferee
A transferee is an individual or entity that receives a transfer of property, rights, or interest from another.
- Gain an understanding of the processes of negotiation and assignment as they apply to negotiable instruments.
Verified Answer
NN
nothando nhlanhloJun 10, 2024
Final Answer :
False
Explanation :
In both assignment and negotiation, the transferee generally acquires the rights the transferor had, subject to the terms of the transfer and the nature of the rights being transferred.
Learning Objectives
- Gain an understanding of the processes of negotiation and assignment as they apply to negotiable instruments.
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