Generally,Rita Signs Her Name Using an Infinity Symbol Rather Than

question 26

Multiple Choice

Generally,Rita signs her name using an infinity symbol rather than her legal name.Rita signed an instrument using this symbol.Which statement is correct?

• A)The instrument cannot be negotiable.To be negotiable,the instrument must be signed in Rita's legal name.
• B)The instrument cannot be negotiable.To be negotiable,the instrument must be signed in Rita's given name.
• C)The instrument cannot be negotiable.To be negotiable,the instrument must be signed using letters from the alphabet.
• D)The instrument can be negotiable.Rita intended to indicate her signature.

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Definitions:

Term Bond

A type of bond that has a specific maturity date on which the principal or par value is repaid to the investors.

Face Value

The nominal or original value of a security or financial instrument as stated by the issuer, unrelated to its market value.

Specific Date

Refers to a detailed and exact date on the calendar specified for an event or deadline.

Premium

The excess of the issue price of a stock over its par value or the excess of the issue price of bonds over their face amount.