If a lost negotiable instrument is in bearer form at the time of the loss, the finder is entitled to enforce payment.

Name: If a lost negotiable instrument is in bearer form at the time of the loss, the finder is entitled to enforce payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If a negotiable instrument is in bearer form, the person who has possession of it can enforce payment. Therefore, if someone finds a lost negotiable instrument in bearer form, they are entitled to enforce payment.

If a Lost Negotiable Instrument Is in Bearer Form at the Time