An instrument is said to "run" to a holder if it contains any of the following attributes, except:
A) payable to his or her order.
B) bearer paper.
C) indorsed to him or her.
D) universal defenses.

Question

Quizplus · Accepted Answer

The attributes that make an instrument run to a holder are A) payable to his or her order, B) bearer paper, and C) indorsed to him or her. Universal defenses do not affect the ability of an instrument to run to a holder.

An Instrument Is Said to "Run" to a Holder If