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Discuss Whether an Authorized Agent Can Be Held Personally Liable

question 81

Essay

Discuss whether an authorized agent can be held personally liable on a note if the agent did not sign his or her own name. Further discuss the kind of personal liability an agent has who simply signs his or her name to an instrument.


Definitions:

Glass-Steagall Act

A law enacted in 1933 to separate commercial banking from investment banking, intended to reduce conflicts of interest and prevent bank failures.

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