Question: Under the UCC, Article 3 , what is true about the signature of the maker or drawer of a negotiable instrument? It must be a

Under the UCC, Article 3, what is true about the signature of the maker or drawer of a negotiable instrument?
It must be a full signature to be effective.
It can be a mark or initial.
It can be made manually, electronically or by device or machine such as a signature stamp.
B and c.
Under the UCC, Article 3, what is true about the signature

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Can i get help with my practice exam? I wanna compare it to mine but i have nobody to do it with. Practice quiz for final Question 1 (2 points) What are the two main goals of estate planning?...

Q:

There are four kinds of instruments: draft, check, promissory note, certificate of deposit. A draft is a three-party instrument. This means three persons are involved in the transaction. A draft is...

Q:

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

Q:

QUESTION 1 A holder in due course(HDC) takes a negotiable instrument free of personal defenses. True False QUESTION 2 A person who receives an instrument as a gift or for no consideration is still a...

Q:

True/False If a handwritten negotiable instrument is made payable to the order of Paul Cook or bearer, it is order paper. Negotiability under UCC Article 3 is strictly a matter of form: if the...

Q:

"Damion and Kiya Carmichael took out a loan from Ameriquest Mortgage Co. to renance their mort-gage. ey signed a note to make monthly payments on the loan. Later, Deutsche Bank National Trust Co....

Q:

Please answer the following questions 1) Do UCC Article 3 requirements for negotiability make it easy to negotiate commercial paper? What is the importance of the seamless negotiation of commercial...

Q:

Jill borrowed $25,000 from her parents a few years ago. To evidence the loan, Jill executed a promissory note. Jill's father, who drafted the promissory note, failed to include a place of payment. As...

Q:

Regarding the requirements for a given writing to qualify as negotiable under the UCC, It cannot be negotiable unless the requirements for negotiability under Article 3 (Negotiable Instrumen are met....

Q:

1. What is different about this situation and the fictitious payee exception? 2. Evaluate this statement, UCC Article 3 does not provide protection for checks written to bad fund managers. Is it true...

Q:

What is the predominant intermolecular force in CH3NHCH3? dipole-dipole forces O Hydrogen bonding O London dispersion forces Olon-dipole ineractions O lonic bonding

Q:

Find f '(x) and f "(x). f(x) = xex f'(x) B F"(x) = Find f '(x) and f "(x). x 7 + 2x f(x) = f'(x) = f"(x) =

Q:

What five elements should be recorded in the narrative of an investigative report to give the background information of an interview

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...