If an instrument is made ______ , the party in possession is required only to deliver the instrument to transfer it.
a. to transferee
b. to holder
c. to possessor d. to bearer
e. to recipient
Question 2
Vertical nonprice restraints, such as territorial restraints imposed by producers on retailers, have, in recent years, been viewed by the Supreme Court:
a. as per se illegal
b. as per se illegal if tied to a customer restriction, otherwise a rule of reason analysis is applied c. under a rule of reason usually sympathetic to the producer
d. under a rule of reason usually sympathetic to the retailer e. as per se legal
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