Once an Appointed Authorized Representative Signs a Negotiable Instrument, While

question 6

Multiple Choice

Once an appointed authorized representative signs a negotiable instrument, while unambiguously disclosing his or her agency status, and the identity of the maker or drawer, then ________.

• A) the authorized agent becomes personally liable to pay for the negotiable instrument
• B) the signature binds the maker or drawer of the negotiable instrument to the instrument
• C) the agent cannot sign another negotiable instrument until this instrument's transaction is complete
• D) the agent is obligated with secondary liability to the instrument

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Definitions:

RC Parallel Circuit

A circuit containing resistors (R) and capacitors (C) connected in parallel, affecting the impedance and phase angle of the overall circuit.

R

R stands for resistor in electronics, a component used to resist the flow of electrical current.

Diagnosed

Refers to the identification of a disease or condition by a medical professional through examination, testing, and analysis of symptoms.