A Holder Is a Party in Possession of an Instrument

question 22

Multiple Choice

A holder is a party in possession of an instrument that "runs" to him.An instrument runs to a party if it is:

• A) payable to his or her order.
• B) bearer paper.
• C) indorsed to him or her.
• D) all of the above.

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Definitions:

Simplify Sales

Strategies or methods aimed at making the sales process more straightforward and efficient.

Relationship Selling

The practice of building ties to customers based on a salesperson’s attention and commitment to customer needs over time.

Long-Term Connection

A relationship or partnership between individuals or entities that is intended to last for an extended period.

Cumulative Discounts

Discounts that increase with the quantity purchased over time, providing incentives for larger or repeated orders.