An Unauthorized Signature May Bind a Principal Who Allowed the Signature

question 18

True/False

An unauthorized signature may bind a principal who allowed the signature to be made through his own negligence.

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Definitions:

Traditional IRA

An individual retirement account in the United States allowing individuals to save for retirement with tax-free growth or on a tax-deferred basis.

IRA Assets

Funds and investments held within an Individual Retirement Account (IRA), which can include stocks, bonds, mutual funds, and other financial assets.

Distribution

Payments made from a fund or account, often referring to dividends (company profits) paid to shareholders or withdrawals from retirement accounts.

Employer-Sponsored

A program or benefit provided by an employer to its employees, often including health insurance, retirement plans, and educational assistance.