Bob authorizes Steward to borrow money on his behalf.Steward signs his name on a note in his individual capacity i.e.without disclosing that the signature is on behalf of Bob.Then Steward becomes liable for the note.

Question

Quizplus · Accepted Answer

If a person purporting to act as a representative signs an instrument by signing either the name of the represented person or the name of the signer,that signature binds the represented person to the same extent she would be bound if the signature were on a simple contract.

Bob Authorizes Steward to Borrow Money on His Behalf