Agents are discouraged from signing instruments on behalf of their principals.
Correct Answer:
Verified
Q2: Warranty liability is based on a party's
Q3: One of the transfer warranties is that
Q4: Two parties are primarily liable: the drawer
Q5: When acceptance or payment is refused after
Q6: If presentment is delayed, the drawer may
Q8: For an unaccepted draft, the drawer's liability
Q9: Authorized signatures are not binding if negligence
Q10: An accommodation maker is not primarily liable
Q11: Liability can also arise by warranty.
Q12: Unlike primary liability, secondary liability is conditional,
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