True/False
Because an indorsement is not required on bearer paper to deliver it,the indorsement has no legal effect.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: If an instrument is payable jointly using
Q57: Which of the following is not one
Q58: Grandma has sent you a properly-completed check
Q59: A sight draft or time draft are
Q60: Examples of negotiable instruments include checks and
Q61: A promissory note is a conditional,written promise
Q63: In negotiable instruments,negotiation refers to the process
Q64: Wayne issues a draft payable to Molly.Molly
Q65: Sandy signs a negotiable instrument that orders
Q66: Once created,a negotiable instrument can be transferred