Elder, an Authorized Agent for Mullins, Signs a Negotiable Instrument

question 16

True/False

Elder, an authorized agent for Mullins, signs a negotiable instrument, "Mullins, principal, by Elder, agent." Mullins has primary liability and Elder has secondary liability on the instrument.

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Definitions:

Disinhibited

The reduction or absence of restraint over one's emotions, impulses, or behaviors, often resulting in actions that are spontaneous or considered socially inappropriate.

Illegally

Pertains to actions or activities that violate laws or regulations.

Antisocially

Acting in a manner that is contrary to the laws or norms of society, often harming or lacking consideration for the well-being of others.

Immorally

In a way that is not conforming to accepted standards of morality, often involving actions that are ethically wrong.