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    Exam 23: Holder in Due Course and Transferability
  5. Question
    An Instrument That Is Not Payable to a Specific Payee
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An Instrument That Is Not Payable to a Specific Payee

Question 77

Question 77

Multiple Choice

An instrument that is not payable to a specific payee or indorsee is known as a ________.


A) order paper
B) bearer paper
C) allonge
D) draft

Correct Answer:

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