Question: What is the difference between an order instrument and a bearer instrument? Choose 2 answer choices. Order paper is treated like cash. One type of

What is the difference between an order instrument and a bearer instrument? Choose 2 answer choices.
Order paper is treated like cash.
One type of instrument has a specific payee, whereas the other does not.
One type of instrument can be redeemed by any holder in due course.
Order instruments can be negotiated; bearer instruments cannot be negotiated.

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