Asked by Ernesto Mejia on May 16, 2024
Verified
An order instrument is payable to a specific,named payee.
Order Instrument
An instrument payable to a specific, named payee.
- Distinguish between order instruments and bearer instruments.
Verified Answer
EM
Enrique MartinezMay 23, 2024
Final Answer :
True
Explanation :
An order instrument is payable to a specific,named payee,while a bearer instrument is payable to whomever is in possession of the instrument.
Learning Objectives
- Distinguish between order instruments and bearer instruments.