One who is in possession of a negotiable instrument that is drawn, issued, or indorsed to him or to his order or that is indorsed in blank is a(n):
A) holder.
B) transferor.
C) assignee.
D) bearer.

Question

Quizplus · Accepted Answer

A holder of a negotiable instrument is the person in possession of it, especially if it is drawn, issued, or endorsed to them or to their order, or if it is endorsed in blank. This definition aligns with the characteristics of a holder as described in the question.

One Who Is in Possession of a Negotiable Instrument That