The Negotiable Instruments of a Corporation Have to Be Signed

question 24

True/False

The negotiable instruments of a corporation have to be signed by an agent of the corporation who is authorized to sign the instrument.

---

Definitions:

Unavoidably Dangerous

Products or activities that cannot be made completely safe, no matter the amount of caution used in their design or execution.

Punitive Damages

Damages in excess of actual losses suffered by the plaintiff awarded as a measure of punishment for the defendant’s wrongful acts. Also called exemplary damages.

Strict Liability

Legal responsibility for damages or injury, even if the person found strictly liable was not at fault or negligent.

Odometer

An instrument used to measure the distance traveled by a vehicle.