Which of the following is an incorrect statement regarding the Uniform Commercial Code's signature requirement for a negotiable instrument?
A)An "X" will suffice if the party intended that the mark be placed on the instrument and uses that mark to identify himself.
B)A signature may be made by means of a device or machine.
C)A signature may be made manually.
D)The signature of an agent on behalf of the principal binds the principal and satisfies the signature requirement.
E)The Uniform Commercial Code is fairly strict in interpreting what constitutes a signature.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code and cases interpreting the signature requirement are fairly liberal in interpreting what constitutes a signature.For example,according to Uniform Commercial Code Section 1-201(39),an "X" will suffice provided the party intended that the mark be placed on the instrument and uses that mark to identify himself.Further,under Uniform Commercial Code Section 3-401(b),the signature may be made manually or by means of a device or machine; and an agent's signature on behalf of her principal binds the principal and satisfies the signature requirement.

Which of the Following Is an Incorrect Statement Regarding the Uniform