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| Karr transferred a negotiable instrument payable to his order to Watson for value. Karr did not endorse the instrument. As a result of the transfer, Watson A. Obtains such rights as the transferor had in all cases. B. Is entitled to an unqualified endorsement by Karr. C. Is presumed to be the owner of the instrument since he gave value. D. Can become a holder only if the instrument is endorsed and delivered at the same time. |