As Long as an Agent Is Authorized to Sign a Negotiable

question 22

True/False

As long as an agent is authorized to sign a negotiable instrument on behalf of a principal,the agent's signature can create liability for the principal.

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Definitions:

Hemophilia

A medical condition, usually inherited, in which the ability of the blood to clot is severely reduced, causing the sufferer to bleed severely from even a slight injury.

X-Linked Recessive

A pattern of genetic inheritance where the gene causing the trait or disorder is located on the X chromosome; more common in males who have only one X chromosome.

Vasoocclusive Crisis

A painful episode that occurs in sickle cell anemia when sickled red blood cells block blood flow through vessels.

Sickle Cell Crisis

A severe, painful episode that occurs in people who have sickle cell anemia, caused by blockage of blood flow by misshaped red blood cells.