Question: How does negotiation differ from assignment? It consists of the right to receive payments. It is the only mechanism by which a negotiable instrument may

How does negotiation differ from assignment?

It consists of the right to receive payments.

It is the only mechanism by which a negotiable instrument may be transferred.

A party receiving an instrument by negotiation may obtain rights superior to those of the original holder.

A party receiving an instrument by negotiation receives only the rights of the transferor and no more.

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