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:

Economic Profit

A measure of performance that includes both the tangible and intangible costs associated with doing business, providing a more comprehensive view than traditional profit metrics.

Restaurant Market

Refers to the commercial space or sector dedicated to establishments offering food and beverage services to customers.

Gas Stations

Gas Stations are retail facilities that sell fuel and engine lubricants for motor vehicles, often offering additional services or goods.

Long Run

A period in which all factors of production and costs are variable, allowing for adjustment in all inputs and production levels.