Question 6 "Negotiable Instruments"

The question was about money orders and if they were negotiable instruments.

Fact: The money orders said "Payable to" on them, not "payable to the order or bearer"

By putting just "payable to" it restricts the payment to whoever is on the money order. A negotiable instrument needs "payable to the order or bearer" because then it would allow the person on the money order to endorse and transfer it to someone else (being negotiable). These phrases indicate there is no objection to paying anyone to whom "the bearer" orders the paper to be paid.