To borrow money to finance the start-up of his business, Rollo executes an instrument in favor of Security Bank. For the instru?ment to be negotiable, the signature must be
A) anywhere on the instrument.
B) anywhere on the lower half of the instrument only.
C) in the lower left-hand corner of the instrument only.
D) in the lower right-hand corner of the instrument only.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), the signature can be anywhere on the instrument for it to be negotiable.

To Borrow Money to Finance the Start-Up of His Business