A purported principal is liable for an unauthorized signature by a purported agent if the purported principal ratifies the unauthorized signature.

Question

Quizplus · Accepted Answer

If a principal ratifies an unauthorized signature by an agent, they become liable for it. It's important for principals to carefully authorize individuals to act on their behalf and monitor their actions to avoid unauthorized signatures.

A Purported Principal Is Liable for an Unauthorized Signature by a Purported