Which of the following types of commercial paper requires only a delivery of the instrument to the holder by the payee?
A)A bearer instrument
B)An unqualified instrument
C)An order instrument
D)An unconditional instrument
E)A certified instrument

Question

Quizplus · Accepted Answer

A bearer instrument is an instrument payable to cash or to whomever is in possession of the instrument.Bearer paper requires only a delivery of the instrument to the holder by the payee.

Which of the Following Types of Commercial Paper Requires Only