An instrument payable to bearer may be negotiated by transfer of possession alone.

Name: An instrument payable to bearer may be negotiated by transfer of possession alone.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An instrument payable to bearer is one that does not require identification of a specific payee and can be transferred by mere possession. As such, negotiation of the instrument can be done through the transfer of possession alone.

An Instrument Payable to Bearer May Be Negotiated by Transfer