The Defense That a Signature Was Forged or Signed Without

question 4

True/False

The defense that a signature was forged or signed without authority cannot be raised against any holder if the person whose name was signed has ratified it.

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Definitions:

Net Operating Income

The income that comes from a firm's primary business activities, not including the subtraction of interest and taxes.

Average Operating Assets

The average value of the assets involved in the daily operations of a business over a specific period, used to measure efficiency.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing the ownership interest of the shareholders.