To finance the purchase of a house from Tuna, Uri signs an instrument promising to pay to "Verity Mortgage Service" $160,000 with interest in installments with the final payment due July 10, 2040. To be negotiable, this instrument must include the signature of
A) a non-party witness.
B) Tuna or Tuna's realtor.
C) Uri.
D) Verity's chief financial officer.

Question

Quizplus · Accepted Answer

To be negotiable, the instrument must include the signature of the person who promises to pay (in this case, Uri). A non-party witness signature is not required for negotiability, and the signatures of Tuna, Tuna's realtor, or Verity's chief financial officer are not necessary for the note to be negotiable.

To Finance the Purchase of a House from Tuna, Uri