A holder is any person in possession of an instrument drawn,issued,or indorsed to his or her order or to bearer or in blank.

Question

Quizplus · Accepted Answer

This statement is true. A holder can be the person named on the instrument (in the case of an order instrument), the person who possesses the instrument (in the case of a bearer instrument), or the person who possesses an instrument with no specific payee name written on it (in the case of an instrument in blank).

A Holder Is Any Person in Possession of an Instrument