An authorized agent signing an instrument will not be liable on the instrument if the agent discloses on the paper either the identity of the principal or the fact that the agent has signed in a representative capacity.
Correct Answer:
Verified
Q19: Commercial paper are transferable, written, signed promises
Q20: Commercial paper facilitates the transfer of funds
Q21: An unconditional written promise made by one
Q22: The party who writes or creates a
Q23: If an instrument states no time for
Q25: Article 3 of the UCC establishes a
Q26: If an order or promise is not
Q27: If a check is made payable to
Q28: If instrument is negotiable, it can be:
A)
Q29: A payee has no rights in an
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