Who is a Holder of a Negotiable Instrument?

The video tutorial explains the concept of a holder in the context of commercial paper, detailing the differences between order paper and bearer paper. It describes how possession and entitlement to enforce the instrument define a holder. The tutorial also covers the process of transferring paper and the negotiation required for someone to become a holder. Exceptions, such as forgery, are discussed, highlighting when possession does not equate to being a holder.

What are the two elements that generally define a holder of commercial paper?

Explain the difference between order paper and bearer paper.

What is required for someone to become a holder of the paper after it has been transferred?

What happens to the status of a holder if the commercial paper is stolen?

Under what condition would a person in possession of bearer paper not be considered a holder?