Author Question: Which of the following is legally permissible in the case of a theft of a negotiable instrument? A) ... (Read 151 times)

tichca · **on:** Jun 24, 2018

Which of the following is legally permissible in the case of a theft of a negotiable instrument?
A) A thief can require payment of a stolen paper.
B) A holder can declare the instrument to be void.
C) A thief can pass on the title to the person the paper was made out to.
D)An ordinary holder can require payment of the instrument.

Question 2

A sale of goods is defined under UCC Article 2 as transfer of title to intangible property for a price.
Indicate whether the statement is true or false