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What are the features of negotiable instrument?

In: Business Law, Contract Law [Edit categories]

Answer:

A negotiable instrument is capable of being transferred by delivery or indorsement when the transferee takes the instrument for value, in good faith, and without notice of conflicting title claims or defenses. A negotiable instrument could be a check made out to another person, because that person could endorse it for payment or transfer it to someone else as payment to them.

First answer by Bob811. Last edit by Bob811. Contributor trust: 1154 [recommend contributor ]. Question popularity: 1 [recommend question].

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