If an instrument is made ____, the party in possession is required only to deliver the instrument to transfer it.

Question

Quizplus · Accepted Answer

An instrument made "to bearer" means that the person in possession of the instrument is entitled to enforce it and transfer it without necessarily being named as a specific payee or holder. Therefore, the party in possession can transfer the instrument by delivering it to the next holder without the need for endorsement or other formalities.

If an Instrument Is Made ____, the Party in Possession