Under Revised Article 3,a person is a(n)________ if she is in possession of an instrument that is payable to bearer or made payable to an identified person and she is that identified person.
A)payor
B)issuer
C)bailor
D)holder

Question

Quizplus · Accepted Answer

A person is a holder if she is in possession of an instrument (1)that is payable to bearer or (2)made payable to an identified person and she is that identified person.

Under Revised Article 3,a Person Is A(n)________ If She Is