A(n)________ is negotiated by delivery,with the necessary indorsement.
A) bearer paper
B) order paper
C) promissory note
D) check

Question

Quizplus · Accepted Answer

Order paper is a type of negotiable instrument that requires delivery and endorsement for negotiation. Examples of order paper include bills of exchange and promissory notes. A bearer paper, on the other hand, only requires possession for negotiation, while a check is a specific type of order paper drawn on a bank account.

A(n)________ Is Negotiated by Delivery,with the Necessary Indorsement