A person is not a holder if she is in possession of an instrument that is payable to bearer.

Name: A person is not a holder if she is in possession of an instrument that is payable to bearer.
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Question

Quizplus · Accepted Answer

A person is considered a holder if they are in possession of an instrument that is payable to bearer, as being in possession of such an instrument is one of the criteria that defines someone as a holder under the Uniform Commercial Code.

A Person Is Not a Holder If She Is in Possession