A person who signs an instrument without authorization can be held personally liable for payment by a holder in due course.
Correct Answer:
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Q4: An authorized agent binds a principal on
Q5: A maker is primarily liable on an
Q6: If payment of an instrument cannot be
Q7: A maker is secondarily liable on an
Q8: If a promissory note is incomplete at
Q10: An unauthorized signature binds the person whose
Q11: Notice of dishonor can be given in
Q12: The dishonor of an instrument relieves secondary
Q13: A refusal to pay an instrument constitutes
Q14: To properly present a draft for payment,
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