An Instrument Must Be Signed to Qualify as a Negotiable

question 47

Multiple Choice

An instrument must be signed to qualify as a negotiable instrument.Which of the following statements is true of this basic requirement?

• A)An instrument in the form of a note must be signed by the payee who accepts the promise of the issuer.
• B)An instrument in the form of a draft must be signed by the person giving the instruction to pay.
• C)An instrument is considered to be negotiable only when the maker signs by writing his name on it.
• D)A person or company cannot authorize an agent to sign instruments for it.

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Definitions:

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Hydrogen Peroxide

A chemical compound (H2O2) used as an oxidizer, bleaching agent, and antiseptic.

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