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Commerce · Q570

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 570

Q570

Which of the following points compare negotiated instruments and assignment?

A.
Negotiation requires delivery only to constitute a transfer, whereas assignment requires a written document signed by the transferor
B.
Consideration is always presumed in the case of transfer by negotiation. In the case of assignment consideration must be proved
C.
In case of negotiation, notice of transfer is not necessary, whereas in the case of assignment notice of the transfer must be given by the assignee to the debtor
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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