Which of the following results in liability of the principal because the principal approved of an unauthorized agent's signature?
A)Ratification
B)Authorization
C)Acknowledgement
D)Rescission
E)Accord and satisfaction

Question

Quizplus · Accepted Answer

According to Uniform Commercial Code Section 3-403(a),if the principal decides to ratify,or approve of,the unauthorized agent's signature,the principal will then become liable for the instrument while the agent will escape personal liability.

Which of the Following Results in Liability of the Principal