A holder of order paper can be described as A)the payee. B)any ...

[londonang]

A holder of order paper can be described as
 A)the payee.
 B)any person in possession of the instrument.
 C)any person in possession of the instrument if it is payable to or indorsed to him.
 D)the first party to come in contact with a negotiable instrument.

Question 2

The difference between terms CFR and CIF is that under CIF term of sale, the buyer must procure his own marine insurance coverage on the goods.
  Indicate whether the statement is true or false

[Pswine]

Answer to Question 1

C

Answer to Question 2

FALSE