Multiple Choice
Ryan 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 this mark is a symbol,not a signature.
D) nonnegotiable,because a simple mark implies a lack of serious intent.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Fact Pattern 24-1A (Questions A1-A2 apply)<br>Flik draws
Q4: Karen writes on a piece of paper,"I
Q5: To obtain office supplies for Doctors Medical
Q6: A promissory note payable to "bearer" is
Q7: Hayley signs an instrument payable to the
Q9: Shad signs a promissory note payable to
Q10: For an instrument to be negotiable,it need
Q11: A statement in an instrument that payment
Q12: Fact Pattern 24-2A (Questions A3-A4 apply)<br>Commodity Sales
Q13: A negotiable instrument can function as a