An Unauthorized Signature May Be Ratified and Thereby Become Valid

question 30

True/False

An unauthorized signature may be ratified and thereby become valid so far as its effect as a signature and so far as removing civil and criminal liability of the person who had forged the signature.

---

Definitions:

Passive Investments

Investments in which the investor does not actively manage or influence the operation of the asset, such as stocks or mutual funds.

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks, which can yield dividends and capital gains.

Goodwill

An accounting value assigned to the reputation, customer loyalty, or other factors enabling a business to earn higher profits than expected from its assets alone.

Consolidated Balance Sheet

A financial statement showing the aggregated financial position of a parent company and its subsidiaries.