Ryan 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 this mark is a symbol,not a signature.
D)nonnegotiable,because a simple mark implies a lack of serious intent.

Question

Quizplus · Accepted Answer

The "R" with a circle around it is a recognized form of signature, also known as a "registered" symbol. This symbol is sufficient to show the intention of the signer to sign the instrument and make it negotiable.

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