Which of the Following Is True Regarding a Signature on a Document

question 9

Multiple Choice

Which of the following is true regarding a signature on a document falling within the statute of frauds?

• A) There is no requirement of any signature of either party to satisfy the statute of frauds.
• B) Any party required to sign must sign at the beginning of the document.
• C) Any party required to sign must sign at the end of the document.
• D) Any party required to sign must sign both at the end and at the beginning of the document.
• E) So long as it is meant as a signature, a party required to sign may sign at any place on the document.

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Definitions:

Personal Property Security Act

Legislation that provides a legal framework for the creation and registration of security interests in personal property (assets other than real estate) to secure payment or performance of an obligation.

Guaranteed

A promise or assurance, often backed by an entity or document, that certain conditions will be fulfilled or met.

Security Interest

A legal claim or right granted over an asset to secure the performance of an obligation, typically repayment of a loan.

Overages

Extra charges incurred when a project goes over its budget, often applied in construction, film production, or retail leasing contexts.