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

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), an instrument is considered payable to bearer if it meets any of the conditions listed in options A, B, and C. This includes being explicitly payable to "cash" or "bearer," or not specifying a payee at all.

The UCC States That an Instrument Fulfills the Requirements of Being