Jake is the holder of an instrument that needs his signature.Upon his death,the instrument automatically converts to a 'bearer' instrument and Jake's heirs can cash it.

Question

Quizplus · Accepted Answer

Upon Jake's death, the instrument does not automatically convert to a 'bearer' instrument. The terms of the instrument and applicable laws will determine how it can be transferred or cashed by his heirs.

Jake Is the Holder of an Instrument That Needs His