An instrument payable to cash:
A) can be negotiated only after indorsement by the person specified.
B) is known as an order paper.
C) may be negotiated by transfer of possession alone.
D) does not allow the person who takes the instrument to ask for an indorsement for her protection.

Question

Quizplus · Accepted Answer

If an instrument is payable to bearer or to cash, it is called a bearer paper. An instrument payable to bearer may be negotiated by transfer of possession alone.

An Instrument Payable to Cash