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 10,2042.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

The negotiability of the instrument comes from Uri's promise to pay and his signature on the instrument. Therefore, his signature is the only one required for negotiability. The other parties mentioned may be involved in the transaction but are not necessary for the instrument to be negotiable.

To Finance the Purchase of a House from Tuna,Uri Signs