Multiple Choice
Ron signs an instrument using an "R" with a circle around it.With this mark for a signature,the instrument is
A) negotiable.
B) nonnegotiable,because an initial does not state the signer's name.
C) nonnegotiable,because an initial is not a signature.
D) nonnegotiable,because a simple initial implies a lack of binding intent.
Correct Answer:
Verified
Correct Answer:
Verified
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