Disregarding the Issue of Whether Sophie Properly Performed,is the Statement

question 61

Multiple Choice

Disregarding the issue of whether Sophie properly performed,is the statement "I,Reza Salehi,promise to pay Sophie Smith or to bearer,the sum of $100 on Monday,July 22,2016," without a signature anywhere else on the document,sufficient to satisfy the signature requirement of negotiability?

• A)Yes,but only if Reza later signed another document confirming that he meant the handwritten statement to constitute his signature.
• B)No,because it was not signed at the bottom or anywhere else on the document.
• C)No,because it was not signed at the bottom.
• D)Yes,it is sufficient regardless of whether it is in handwriting or not because it contains an unconditional promise to pay.
• E)Yes,because it contains an unconditional promise to pay,and in the handwritten promise,the maker wrote his own name.

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Definitions:

Multinomial

Related to outcomes or processes that can fall into more than two categories in statistical experiments.

Categories

Distinct groups or classes into which items or individuals can be sorted based on shared qualities or characteristics.

Proportion

A statistical measure that indicates the fraction of the total population that possesses a particular attribute or characteristic.

Chi-squared Goodness-of-fit Test

This test assesses if observed frequencies in a single categorical variable match expected frequencies determined from a theoretical distribution.