Non Negotiable Vs Negotiable . (a) a document of title is negotiable if by its terms the goods are to be delivered to bearer or to the order of a named person. The consignee is named when the bill is issued and cannot be changed later.
It means the holder of this check cannot take cash, transfer money, or. The distinctions between negotiable and nonnegotiable documents in this section makes the most important subclassification employed in the article, in that the holder of.
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