A holder is any person in possession of a negotiable instrument that is payable either to the bearer or to an identified person who is the person in possession.
Correct Answer:
Verified
Q2: A symbol can serve as a valid
Q4: To be negotiable, an instrument cannot be
Q5: On a cashier's check, the drawer is
Q7: With respect to negotiability, the location of
Q9: A instrument "payable to the order of
Q11: An instrument is nonnegotiable unless the word
Q12: To be negotiable,an instrument must be in
Q12: An extension clause allows a payee or
Q34: With respect to negotiability, a mere reference
Q40: An instrument that promises to pay "in
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