An agent's signature can create liability for a principal as long as the agent is authorized to sign a negotiable instrument on behalf of the principal.
Correct Answer:
Verified
Q4: If an accommodation party pays a note
Q5: The only acceptable method of ratification is
Q6: A party who is primarily liable for
Q7: According to the UCC, a party's signature
Q8: Which of the following was the result
Q10: An instrument must be explicitly dishonored; a
Q11: If a transfer is through endorsement, transfer
Q12: A secondarily liable party becomes liable even
Q13: When the transfer of an instrument breaches
Q14: The principal's name must be shown on
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