An instrument can be converted from order paper to bearer paper and vice versa many times until the instrument is paid.

Name: An instrument can be converted from order paper to bearer paper and vice versa many times until the instrument is paid.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Yes, an instrument can be converted from order paper to bearer paper or vice versa multiple times until it is paid. This can be done through endorsement or cancellation of previous endorsements, as per the Negotiable Instruments Act.

An Instrument Can Be Converted from Order Paper to Bearer