A single person cannot simultaneously be an endorsee, holder, and bearer of a negotiable instrument.

Question

Quizplus · Accepted Answer

A single person can simultaneously be an endorsee (someone to whom the instrument is legally transferred), holder (someone in possession of the instrument who has the right to enforce it), and bearer (someone who possesses the instrument payable to bearer or endorsed in blank) of a negotiable instrument.

A Single Person Cannot Simultaneously Be an Endorsee, Holder, and Bearer