Asked by Braden Shamray on May 02, 2024
Verified
A forged or otherwise unauthorized signature necessary to negotiation breaks the chain of title to the instrument.
Unauthorized Signature
A signature made without the expressed permission of the person purported to have signed, potentially leading to legal or financial complications.
Negotiation
The process of discussing something with someone in order to reach an agreement.
Chain of Title
The sequence of historical transfers of title to a property.
- Perceive the consequences of unlawful signatures and imitations on the exchangeability and legitimacy of negotiable instruments.
Verified Answer
BS
Brylee SchulerMay 09, 2024
Final Answer :
True
Explanation :
A forged or unauthorized signature interrupts the chain of title because it is not legally valid, preventing the instrument from being properly negotiated or transferred.
Learning Objectives
- Perceive the consequences of unlawful signatures and imitations on the exchangeability and legitimacy of negotiable instruments.
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