If an Agent Is Authorized to Execute an Instrument on Behalf

question 51

True/False

If an agent is authorized to execute an instrument on behalf of a principal and signs "Cornwall,principal,by Lyons,agent," only the principal is liable on the instrument.

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Definitions:

Criminal Law

The body of law that relates to crime, prescribing conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Main Objective

The primary goal or purpose intended to be achieved by a person, project, or organization.

Punish

The act of imposing a penalty or sanction on someone as a result of their wrongdoing or misbehavior.

Public Prosecutor

A government official who conducts criminal prosecutions on behalf of the state or the people, ensuring the enforcement of the law.