Ron Signs an Instrument Using an "R" with a Circle

question 3

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.

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Definitions:

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The value added to products or services by making them available at a time convenient for consumers, enhancing customer satisfaction.

Place Utility

The value added to products or services by having them available at a convenient place for consumers.

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