For Negotiation,which of the Following Types of Paper Require Only

question 16

Multiple Choice

For negotiation,which of the following types of paper require only delivery of the instrument to the holder by the payee?

• A)Acknowledgement
• B)Order
• C)Transfer
• D)Bearer
• E)Delivery

---

Definitions:

Surety

A person or entity that takes responsibility for another's performance of an undertaking, such as fulfilling the terms of a contract.

Fraud

A deliberate deception practiced to secure unfair or unlawful gain.

Article 9

A provision under the Uniform Commercial Code (UCC) dealing with secured transactions in personal property, where a creditor has a security interest in the debtor's property.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to standardize regulations across the states.