Which one of the following is a similarity between bearer paper and order paper?
A)both require a specific payee to be named
B)both require indorsements to be considered negotiable
C)both require delivery to be considered negotiable
D)both can be claimed by whoever presents the instrument for payment

Question

Quizplus · Accepted Answer

Both bearer paper and order paper require delivery to be considered negotiable. Bearer paper is negotiable by delivery alone, while order paper requires delivery and endorsement by the payee to be negotiable. However, neither type of paper requires a specific payee to be named, as the holder or bearer of the instrument can become the payee. And while bearer paper can be claimed by whoever presents the instrument for payment, order paper requires the specific payee or their authorized agent to present the instrument for payment.

Which One of the Following Is a Similarity Between Bearer