For negotiation, ________ requires only delivery of the instrument to the holder by the payee

A) bearer paper
B) an endorsement
C) order paper
D) a transfer
E) an acknowledgement

Bearer Paper

A negotiable instrument or document of title that confers entitlement to the holder or bearer, with no named payee.

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, or a public declaration of support for a person, product, or service.

Delivery

The act of transferring an item from the seller to the buyer, where the legal ownership is passed.