Which of the Following Is a Similarity Between a Bearer

question 89

Multiple Choice

Which of the following is a similarity between a bearer paper and an order paper?

• A) both require a specific payee to be named
• B) both require indorsements to be considered negotiable
• C) both require delivery to be considered negotiable
• D) both can be claimed by whoever presents the instrument for payment

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Definitions:

Business Enterprise

An organization engaged in commercial, industrial, or professional activities with the aim of generating profit.

Proprietorships

A form of business organization owned by a single individual who is responsible for all its obligations.

Limited Liability

A legal structure that protects individual investors or business owners from being personally responsible for the debts and liabilities of the business beyond their investment.

Partnership Form

A legitimate business structure where two or more partners collaborate in managing the firm and splitting the profits.