Ross signs an instrument using an "R" with a circle around it. With this mark for a signature, the instrument is
A) negotiable.
B) nonnegotiable, because an initial does not state the signer's name.
C) nonnegotiable, because an initial is not a signature.
D) nonnegotiable, because a simple initial implies a lack of binding intent.

Question

Quizplus · Accepted Answer

The "R" with a circle around it is considered a valid signature and is therefore negotiable. This mark is commonly referred to as a "Ruling" or "Registered" signature and is often used by individuals with special signing authority or who are authorized signatories for an organization.

Ross Signs an Instrument Using an "R" with a Circle