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Which of the following statements is true about bearer paper? Select one: a.delivery is not necessary b.negotiated by delivery and endorsement c.loss or risk of

Which of the following statements is true about bearer paper?

Select one:

a.delivery is not necessary

b.negotiated by delivery and endorsement

c.loss or risk of bearer paper is risky

d.needs to be indorsed by the payee prior to negotiation

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