Discuss Whether an Authorized Agent Can Be Held Personally Liable

question 81

Essay

Discuss whether an authorized agent can be held personally liable on a note if the agent did not sign his or her own name. Further discuss the kind of personal liability an agent has who simply signs his or her name to an instrument.

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Definitions:

Homogeneous Mixture

A homogeneous mixture is a mixture in which the composition is uniform throughout, and the individual components are not visibly distinguishable.

Heterogeneous Mixture

A combination of substances that are not uniformly distributed and in which the individual components can be distinguished physically.

Nitrogen

A colorless, odorless gas that is the most abundant element in the Earth's atmosphere, essential for plant and animal life.

Argon

A noble gas element with atomic number 18, colorless and odorless, used in lighting and welding due to its inertness.