Asked by Kotomi Yasumoto on May 28, 2024
Verified
Which of the following is true regarding Marney's claim that the endorsement by Annie was illegal because the note misspelled Annie's name?
A) Marney is correct.
B) Marney is correct, but only because Annie signed the note, "Green," instead of "Greene," as such was on the note.
C) Marney is correct, but only because two payees are listed.
D) Marney is incorrect.
E) Marney is incorrect unless she can prove that Graciela intentionally and purposefully spelled the name wrong to prevent negotiation.
Misspelled Name
An error in the spelling of an individual's or entity's name, potentially affecting legal documents or contracts.
Illegal
Activities or actions that are prohibited by law or statute, and can lead to penalties or other legal consequences.
- Comprehend the impact of modifications, inaccuracies, and illegitimate signatures on the validity of negotiable instruments.
Verified Answer
RP
Rachael PaleyMay 30, 2024
Final Answer :
D
Explanation :
Marney's claim that the endorsement by Annie was illegal because the note misspelled Annie's name is incorrect. A minor misspelling of a name does not invalidate an endorsement or the negotiability of a check. Annie's endorsement of the check, even with the correct spelling of her name, is considered a valid endorsement.
Learning Objectives
- Comprehend the impact of modifications, inaccuracies, and illegitimate signatures on the validity of negotiable instruments.
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