13 - Which of the following statements is false? A) The circulation characteristic of negotiable documents is because it contains a right expressing monetary value. B) The right that is the subject of valuable documents sometimes arises with a bill, and sometimes it exists before the deed. C) The right in the negotiable document is a right regarding public law. D) In order for the right to be claimed in the negotiable documents, the possession on the bill must be transferred for the presentation and transfer of the bill to the debtor. E) Circulation is not an element of negotiable documents but an important feature.

13 - Which of the following statements is false? A) The circulation characteristic of negotiable documents is because it contains a right expressing monetary value. B) The right that is the subject of valuable documents sometimes arises with a bill, and sometimes it exists before the deed. C) The right in the negotiable document is a right regarding public law. D) In order for the right to be claimed in the negotiable documents, the possession on the bill must be transferred for the presentation and transfer of the bill to the debtor. E) Circulation is not an element of negotiable documents but an important feature.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics

Section: Chapter Questions

Problem 3.6P

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