Mona wants to negotiate a bearer instrument in her possession to Nat for an order instrument in Nat's possession. Indorsements are required to negotiate
A) bearer instruments and order instruments.
B) bearer instruments only.
C) neither bearer instruments nor order instruments.
D) order instruments only.

Question

Quizplus · Accepted Answer

Order instruments require indorsements to negotiate, while bearer instruments can be transferred by mere delivery and do not require indorsements.

Mona Wants to Negotiate a Bearer Instrument in Her Possession