If the instrument is order paper, how can a person become a holder?
A) Transfer of its possession.
B) Its indorsement by the appropriate parties.
C) Both a t ransfer of its possession and it s indorsement by the appropriate parties are necessary.
D) None of these.

Question

If the instrument is order paper, how can a person become a holder?
A) Transfer of its possession.
B) Its indorsement by the appropriate parties.
C) Both a t ransfer of its possession  and it s indorsement by the appropriate parties  are necessary.
D) None of these.

Quizplus · Accepted Answer

For an order paper, both transfer of possession and endorsement by the appropriate parties are necessary for someone to become a holder.

If the Instrument Is Order Paper, How Can a Person