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:

Target Firm

A company that is the object of a takeover attempt, whether friendly or hostile, by another company or corporate entity.

Incremental Value

The additional or extra value generated by undertaking a certain action or investment.

Market Price

The immediate price point for acquiring or disposing of assets or services in a commercial space.