A bearer paper is different from an order paper in that a bearer paper ________.

Name: A bearer paper is different from an order paper in that a bearer paper ________.
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Question

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A bearer paper is negotiated by delivery alone, meaning that whoever holds the physical paper is considered the owner and can transfer ownership simply by physically handing it over to someone else. This is in contrast to an order paper, which requires endorsement (a signature) from the current owner to transfer ownership.

A Bearer Paper Is Different from an Order Paper in That