Asked by Anika Desai on May 22, 2024
Verified
According to the UCC, a party's signature can be any name or word, but cannot be a mark or symbol to authenticate a writing.
UCC
Short for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.
Signature
A person's name or mark written by themselves, used as a proof of intention and identity in a document.
- Identify the implications of a party's signature on a negotiable instrument and the effects of endorsements and signatures.
Verified Answer
BE
Bruce ErvinMay 28, 2024
Final Answer :
False
Explanation :
Under the UCC, a signature can indeed be any name, word, mark, or symbol executed or adopted by a party with the intention to authenticate a writing.
Learning Objectives
- Identify the implications of a party's signature on a negotiable instrument and the effects of endorsements and signatures.
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