Asked by Marina González on Jun 17, 2024

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Which of the following types of paper requires delivery and an endorsement by the holder?

A) A bearer instrument
B) A qualified instrument
C) An order instrument
D) A conditional instrument
E) A certified instrument

Order Instrument

A financial instrument or document that is payable to a specific person or entity, as named on the document.

Delivery

The act of transferring something from one party to another, often referring to goods, documents, or titles.

Endorsement

An act of giving one's public approval or support to someone or something, or in finance, the signature on the back of a check necessary for its negotiation.

  • Elucidate the procedural steps and necessary conditions for the negotiation and endorsement of negotiable instruments.
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Verified Answer

TR
Thabo RadebeJun 21, 2024
Final Answer :
C
Explanation :
An order instrument is an instrument payable to a specific,named payee.While bearer paper requires only a delivery of the instrument to the holder by the payee,order paper requires delivery and an endorsement.