Which of the Following Is False Regarding the UCC's Signature

question 61

Multiple Choice

Which of the following is false regarding the UCC's signature requirement for a negotiable instrument?

• A) The signature may be an assumed name.
• B) A signature may be made by means of a device or machine.
• C) A signature may be made manually.
• D) The signature of an agent on behalf of the principal binds the principal and satisfies the signature requirement.
• E) The UCC prohibits an X from being used as a signature.

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Definitions:

Units Started And Completed

Refers to the number of units of a product that begin and finish the manufacturing process within a specific time period.

Process Costing

A costing method used for homogenous products, allocating costs based on the processes or departments through which goods are manufactured.

Work in Process Inventory

Inventory that includes materials and labor that are currently in the process of being manufactured into finished goods.

Costs Added

Additional costs incurred during a production process or project phase, including materials, labor, and overhead expenses that were not initially anticipated.