Unauthorized Signatures Include Both Forgeries and Signatures Made by an Agent

question 57

True/False

Unauthorized signatures include both forgeries and signatures made by an agent without authority.

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Definitions:

Statutory Authority

The legal power granted to an entity, often a government agency, to enact legislation, regulate, or enforce laws.

Accounting Rules

The standardized guidelines and criteria used in financial accounting and reporting to ensure transparency, consistency, and comparability of financial statements.

Securities and Exchange Commission

A U.S. government agency responsible for regulating the securities markets and protecting investors.

Competitive Disadvantage

A condition or circumstance that makes a company less able to compete effectively with others in the market.