A person can sign an instrument as an authorized agent of the drawer, but the instrument is not negotiable unless the drawer also signs it.
Correct Answer:
Verified
Q2: Businesses use the commercial money market for
Q3: The first delivery of an instrument by
Q4: An instrument must name a specific payee
Q5: When a bank is both the drawer
Q6: The assignment of a promissory note from
Q7: An instrument that orders the drawee to
Q8: A promissory note is both a debt
Q9: For a drawee to be obligated to
Q10: A check is not a demand instrument,
Q11: To be negotiable, an instrument must condition
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