Which of the following is true of a bearer paper?
A)both indorsement and delivery is required for it to be negotiable
B)only indorsement is necessary for it to be negotiable
C)only delivery is necessary for it to be negotiable
D)a payee must be specified in the paper

Question

Quizplus · Accepted Answer

A bearer paper is negotiable by delivery alone, without the need for indorsement. This means that whoever holds the physical paper is considered the owner and has the right to redeem it.

Which of the Following Is True of a Bearer Paper