Endorsement of Negotiable instrument followed by delivery
(A) Transfers the property in instrument to endorsee
(B) Transfers the right of further negotiation to the endorsee
(C) May exclude or restrict the right of further negotiation by endorsee
(D) May merely constitute the endorsee as an agent
Choose the correct answer from the options given below:
1
(A) and (B) only
2
(C) and (D) only
3
(A), (B), (C) only
4
(A), (B), (C) and (D)