QUESTION 7 Jaime signs an instrument using a "T" with a swirl around it. With this mark for a signature, the instrument is a negotiable Ob.nonnegotiable, because a simple initial implies a lack of binding intent O c. nonnegotiable, because an initial does not state the signer's name O d.omegotiable, because an mitial is not a signature QUESTIONS App Corporation obtain a loan from Backer Bank and signs a note for the amount. For a certain price, the bank transfers the note to Credit Company, Promissory notes are commonly assigned, negotiated, or transferred from one party to another. This is possible because O a. a buyer of the note becomes both the drawer and the payeo. Ob as an issuer of a note, a bank commits to paying the stated amount. Ocabank is both the maker of the note and the drawee Od assignment does not affect the maker's obligation to pay the note QUESTIONS Edie deposits funds with First National Bank, wbuch issues an instrument that promises to repay the finds, with interest, on a certain date. Before the matura date, Edie wants to access the funds. Edie can a advance the date for repayment bi subut the instrument to the maker for immediate payment Oc withdraw the funds before the date of maturity Od sell the instrument to a third party QUESTION 10 Juice Company signs an instrument that states it is being executed as per a contract for the sale of a case of oranges dated May 1. This instrument is a. nonnegotiable, because it refers to an express contract b. negotiable Ocnotnegotiable, because it includes the specific date of a contract O d. nonnegotiable, because banks cannot easily process commodities