In what way is a ‘negotiable’ instrument an exception to the nemo dat quod non habet rule? January 1, 2023 by admin It is able to be transferred from one person to another. It can be passed from one person to another on terms to be decided by those parties. The right to the instrument is transferred with physical possession. It is of an amount yet to be determined. See Answer The right to the instrument is transferred with physical possession.