Jane Signs an Instrument Using a "J" with a Swirl

question 9

Multiple Choice

Jane signs an instrument using a "J" with a swirl 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.

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Definitions:

Supplies Order

The process of acquiring necessary materials or goods required for the operation of a business or execution of a task.

Used Supplies

Consumable items that have been utilized in the operation of a business, typically recorded as an expense.

Liability Creation

The process of incurring obligations or debts by a company through its operations or financial activities.

Revenue Recognition

The accounting principle that dictates the specific conditions under which income becomes recognized as revenue.