If a Person Has Been Negligent in Signing a Negotiable

question 43

True/False

If a person has been negligent in signing a negotiable instrument,he/she can use lack of authorization as a reason for not paying the person who in good faith pays for it.

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Definitions:

National Security Agency

A U.S. government agency responsible for global monitoring, collection, and processing of information and data for foreign intelligence and counterintelligence purposes.

Constitutional Powers

The authorities granted to the various branches of government by a constitution, defining the scope and limits of government action.

Statutory Powers

Legal authorities and powers explicitly granted to a government official, body, or institution by a statute or act passed by a legislative body.

President

The elected head of state and government in a republic, responsible for implementing and enforcing laws written by the legislature and, often, also has the role of commander-in-chief of the armed forces.