| Author |
|
lauritta
Contributor
Joined: 02 Jan 2011
Online Status: Offline
Posts: 83
|
| Posted: 24 May 2012 at 22:00 | IP Logged
|
|
|
Could somebody please explain the difference between order
paper and bearer paper? Thank you very much!
__________________
FAR - passed
REG - passed
AUD -
Wiley, some lectures from Becker
|
| Back to Top |
|
| |
lauritta
Contributor
Joined: 02 Jan 2011
Online Status: Offline
Posts: 83
|
| Posted: 25 May 2012 at 12:13 | IP Logged
|
|
|
If the check is endorsed in blank it is a bear paper, and
if the the check has a special endorsement (that specifies
the person to whom or to whose order it makes the
instrument payable) it is an order paper. Is it correct? I
could really appreciate if somebody could help.
__________________
FAR - passed
REG - passed
AUD -
Wiley, some lectures from Becker
|
| Back to Top |
|
| |
nolifecpa
Regular
Joined: 12 Jun 2010
Online Status: Offline
Posts: 135
|
| Posted: 28 May 2012 at 16:53 | IP Logged
|
|
|
Correct! Also for bearer paper to be further negotiated you only have to
deliver only. For order paper to be further negotiated you have to
deliver and endorse
__________________
REG-65,71,74,73,70,74,79
BEC-60's,60's,69,71,76
FAR-67,66
AUD-54,60's,65,83*
*expired
|
| Back to Top |
|
| |
lauritta
Contributor
Joined: 02 Jan 2011
Online Status: Offline
Posts: 83
|
| Posted: 28 May 2012 at 18:42 | IP Logged
|
|
|
Thank you!!!
__________________
FAR - passed
REG - passed
AUD -
Wiley, some lectures from Becker
|
| Back to Top |
|
| |
Active Topics 
Memberlist 
Search 
Help
Register 
Login
Topic: Order paper vs bearer paper
Topic Closed)
