If the instrument is in bearer form, one needs only to be in __________ possession to be considered a holder.
A) theoretical
B) physical
C) at will
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

Bearer instruments are designed so that the physical possession of the document entitles the holder to the rights associated with the instrument. This means that whoever physically holds the instrument is considered its owner or holder, without the need for endorsement or registration.

If the Instrument Is in Bearer Form, One Needs Only