Jaime signs an instrument using a "J" with a swirl 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

Under the Uniform Commercial Code (UCC), a signature can be any symbol executed or adopted with the present intention to authenticate a writing. This means that an initial, a mark, or any unique form of identification, as long as intended to be a signature, is considered legally binding. Therefore, the use of a "J" with a swirl around it by Jaime as a signature does not make the instrument nonnegotiable.

Jaime Signs an Instrument Using a "J" with a Swirl