Asked by caglar gokbulut on Apr 30, 2024
Verified
Instruments payable to "cash" are considered bearer instruments.
Bearer Instruments
Bearer instruments are financial documents that entitle the holder or bearer of the document to the rights or property stated in the document, without requiring proof of ownership.
- Identify the difference between order instruments and bearer instruments.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
True
Explanation :
Instruments payable to no one,to "X," or to "cash" are considered bearer instruments.
Learning Objectives
- Identify the difference between order instruments and bearer instruments.
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