Ron 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

An "R" with a circle around it is a recognized form of a signature, known as a "registered mark." As long as the mark was made with the intent to sign the instrument, it is considered a valid signature and renders the instrument negotiable.

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