The principal's name must be shown on the instrument in order for the principal to be held liable when an agent signs a note on behalf of the principal.
Correct Answer:
Verified
Q9: An agent's signature can create liability for
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
Q15: Liam wrote a check drawn on his
Q16: The most common reason that improper presentment
Q17: If an accommodated party pays a note
Q18: A party who signs a negotiable instrument
Q19: Which of the following was the result
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