Sylvester, acting as a representative agent for Jerry, signs a negotiable instrument with the signature-Sylvester, by Jerry, agent.What kind of liability does Sylvester have for this type of signature?
A)He is not liable to the instrument.
B)He liable to the payee.
C)He is liable to Jerry.
D)He is liable to the HDC of the instrument.

Question

Quizplus · Accepted Answer

Sylvester is not liable on the instrument because he signed as an agent for Jerry, indicating that he was acting on behalf of Jerry and not in his personal capacity.

Sylvester, Acting as a Representative Agent for Jerry, Signs a Negotiable