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The Maker or the Drawer May Create a Bearer Instrument

question 358

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The maker or the drawer may create a bearer instrument by using the following language: "to bearer" or "to the order of bearer."

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Definitions:

Adolescence

The transitional phase of growth and development between childhood and adulthood, characterized by physical, psychological, and social changes.

Postconventional Morality

A level of moral reasoning in Kohlberg's theory that is based on self-chosen ethical principles.

Individualist Societies

are cultures where personal achievements and independence are valued over group goals and conformity.

Kohlberg

A theorist known for his work on the stages of moral development.

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