Except for the special provisions concerning depositary banks, if an order instrument is transferred without indorsement, the ________.
A. transferee has none of the rights of the transferor to enforce the instrument
B. transferee can qualify as a holder
C. instrument has not been negotiated
D. transferee has the right to the qualified indorsement of the transferor
Answer: C
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Indicate whether the statement is true or false
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Which of the following is considered a product?
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