The only acceptable method of ratification is for the principal to explicitly approve the signature of the unauthorized agent.
Correct Answer:
Verified
Q1: _ liability results when a person signs
Q2: If Kyoko makes a proper tender of
Q3: If Teren sends Clem a letter, telling
Q4: If an accommodation party pays a note
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
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
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