Signature Liability on a Negotiable Instrument Is Also Known As

question 100

Multiple Choice

Signature liability on a negotiable instrument is also known as:

• A) contract liability.
• B) agent liability.
• C) warranty liability.
• D) secondary liability.
• E) shelter liability.

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Definitions:

Vroom-Jago

A decision-making model focusing on the importance of leadership and decision-making styles in various situations.

Types Of Power

Refers to the various ways individuals or groups can influence others, often classified into categories such as legitimate, reward, coercive, expert, and referent power.

Legitimate

Conforming to the law or to rules; able to be defended with logic or justification; valid.

Reward

A benefit or return given to someone as a recognition of their effort, achievement, or service.