Which of the Following Statements Is True of Signing a Negotiable

question 38

Multiple Choice

Which of the following statements is true of signing a negotiable instrument?

• 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 not considered to be negotiable 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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