Once an Appointed Authorized Representative Signs a Negotiable Instrument, While

question 6

Multiple Choice

Once an appointed authorized representative signs a negotiable instrument, while unambiguously disclosing his or her agency status, and the identity of the maker or drawer, then ________.

• A) the authorized agent becomes personally liable to pay for the negotiable instrument
• B) the signature binds the maker or drawer of the negotiable instrument to the instrument
• C) the agent cannot sign another negotiable instrument until this instrument's transaction is complete
• D) the agent is obligated with secondary liability to the instrument

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Definitions:

Concerns

issues or matters that require attention or worry, often prompting individuals or organizations to take action or make decisions.

Sexual Favors

Demanding or expecting sexual acts in exchange for something, often occurring in exploitative power dynamics.

Sexual Advances

Unwanted or inappropriate behavior with a sexual undertone, often considered harassment, especially in the workplace or professional settings.

Employment Benefit

Any form of compensation or perk provided by an employer to an employee, above and beyond the regular salary or wages.