Negotiable instruments payable to whoever is bearing them are known as ________ instruments.
A) Demand
B) Order
C) Transactional
D) Bearer
E) Payor

Question

Quizplus · Accepted Answer

Bearer instruments are negotiable instruments that are payable to whoever holds or is bearing them at the moment. This means that the possession of the instrument itself is sufficient to allow the possessor to claim the value of the instrument.

Negotiable Instruments Payable to Whoever Is Bearing Them Are Known