A instrument "payable to the order of bearer" is neither an order instrument nor a bearer instrument.

Name: A instrument "payable to the order of bearer" is neither an order instrument nor a bearer instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A instrument "payable to the order of bearer" is considered a bearer instrument, as it is payable to whoever physically holds the instrument, regardless of whether or not they are the named payee.

A Instrument "Payable to the Order of Bearer" Is Neither