Negotiable instruments payable to whoever is bearing them are known as ________ instruments.
A)Order
B)Transactional
C)Payor
D)Demand
E)Bearer

Question

Quizplus · Accepted Answer

A)Negotiable instruments payable to whoever is bearing them are bearer
instruments [UCC 3-109a)] and are treated like cash.
B)Negotiable instruments payable to whoever is bearing them are bearer instruments [UCC 3-109a)] and are treated like cash.
C)Negotiable instruments payable to whoever is bearing them are bearer instruments [UCC 3-109a)] and are treated like cash.
D)Negotiable instruments payable to whoever is bearing them are bearer instruments [UCC 3-109a)] and are treated like cash.
E)Negotiable instruments payable to whoever is bearing them are bearer instruments [UCC 3-109a)] and are treated like cash.

Negotiable Instruments Payable to Whoever Is Bearing Them Are Known