If an instrument is made ______ , the party in possession is ...

[pane00]

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

[BUTTHOL369]

Answer to Question 1

d

Answer to Question 2

c