Disregarding the issue of whether Sophie properly performed,is the statement "I,Reza Salehi,promise to pay Sophie Smith or to bearer,the sum of $100 on Monday,July 22,2016," without a signature anywhere else on the document,sufficient to satisfy the signature requirement of negotiability?
A) Yes,but only if Reza later signed another document confirming that he meant the handwritten statement to constitute his signature.
B) No,because it was not signed at the bottom or anywhere else on the document.
C) No,because it was not signed at the bottom.
D) Yes,it is sufficient regardless of whether it is in handwriting or not because it contains an unconditional promise to pay.
E) Yes,because it contains an unconditional promise to pay,and in the handwritten promise,the maker wrote his own name.
Correct Answer:
Verified
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