The order or bearer character of the paper determines how it may be:
A) assigned.
B) sold.
C) negotiated.
D) accepted.

Question

Quizplus · Accepted Answer

The order or bearer character of the paper determines how it may be negotiated. Order paper requires endorsement by the payee to transfer ownership while bearer paper only requires possession to transfer ownership. Assignment, sale, and acceptance are all possible actions for both order and bearer paper.

The Order or Bearer Character of the Paper Determines How