A person is a(n) _____ if she is in possession of an instrument that is payable to bearer or that is made payable to an identified person and she is that identified person.
A) issuer
B) holder
C) payor bank drawee
D) drawer

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) that is made payable to an identified person and she is that identified person.

A Person Is A(n) _____ If She Is in Possession