The UCC states that an instrument fulfills the requirements of being payable to bearer if it:
A) states it is payable to bearer or the order of bearer.
B) does not state a payee.
C) states it is payable to "cash" or to the order of "cash."
D) All of these.

Question

Quizplus · Accepted Answer

All of the choices satisfy the requirements of being payable to bearer according to the UCC. If an instrument states it is payable to bearer or to the order of bearer, then it can be transferred by delivery without the need for endorsement. If an instrument does not state a payee, it is considered payable to bearer. And if an instrument is made payable to "cash" or to the order of "cash," it is considered payable to bearer.

The UCC States That an Instrument Fulfills the Requirements of Being