If,instead of Endorsing the Note to Tonya,Felicia Had Wanted to Demand

question 71

Multiple Choice

If,instead of endorsing the note to Tonya,Felicia had wanted to demand payment on the note from Branson,could Branson be held liable since he did not sign his name?

• A)Yes,the "X" could constitute a signature,but only if Branson also printed his name on the note.
• B)No,because the "X" does not constitute a signature because it does not identify the endorser.
• C)No,a signature is required to hold a party liable for a negotiable instrument.
• D)Yes,because the "X" Branson wrote on the instrument could constitute a signature if Branson used it with the intent to authenticate the instrument.
• E)No,public policy would not support holding a party liable for payment if that party did not actually sign the instrument.

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Definitions:

Hypothesis Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.

Interval Estimation

Estimation of a population parameter with a range, or interval, of values within which one has a certain degree of confidence the population parameter falls.

Confidence Interval

A collection of numerical indicators, derived from sampling statistics, believed to contain the estimations of an obscure population parameter.

Sample Size

The number of observations or data points collected in a sample from a population for the purpose of statistical analysis.