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:

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product.

Organizational Objectives

The specific, measurable goals set by a business or organization to guide operations and strategic planning.

Planning

The process of setting objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities.

Conversion Costs

The combined total of direct labor and manufacturing overhead costs that are incurred to convert raw materials into finished products.