If an instrument is payable to bearer, it can be negotiated by transfer of possession alone.

Name: If an instrument is payable to bearer, it can be negotiated by transfer of possession alone.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A bearer instrument is defined as an instrument that is payable to the person who is in possession of it, and therefore, it can be negotiated and transferred by the mere transfer of its possession to another person. No endorsement or identification is required for the transfer of a bearer instrument.

If an Instrument Is Payable to Bearer, It Can Be