A person who authorizes an agent to sign a negotiable instrument on his or her behalf is known as a(n) ________.
A) agent
B) accommodation party
C) principal
D) assignor
Correct Answer:
Verified
Q31: The _ states that a drawer or
Q32: A purported principal is liable for an
Q33: Which of the following is a similarity
Q34: Cameron, a purported agent, signs a contract
Q35: Martha draws a check payable to the
Q37: An accommodation party who signs an instrument
Q38: A qualified indorser is only liable for
Q39: Martha draws a check payable to the
Q40: Susan purchases goods by telephone from Parker.
Q41: Presentment warranties are made by the drawer
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