Which of the Following Is True Under the Uniform Commercial

question 94

Multiple Choice

Which of the following is true under the Uniform Commercial Code regarding the liability of a principal to an agent if the agent enters into a contract that is a negotiable instrument?

• A)The principal is liable to the same extent as if no negotiable instrument were involved because the negotiable instrument has no effect on the principal's liability.
• B)The principal cannot be held liable unless the principal's name is on the instrument.
• C)The principal cannot be held liable unless the agent's signature indicates that it was made in a representative capacity.
• D)The principal cannot be held liable unless the principal's name is on the instrument or the agent's signature indicates that it was made in a representative capacity.
• E)The principal cannot be held liable unless the principal's name is on the instrument,the agent's signature indicates that it was made in a representative capacity,or the agent has been adjudicated insolvent.

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Definitions:

Neural Message

The process by which nerve cells (neurons) communicate information through electrical and chemical signals.

Resting Potential

The state of a neuron when it is not being stimulated or activated, characterized by a negative charge inside the cell relative to the outside.

Action Potential

A temporary reversal in the electrical polarization of the membrane of a nerve cell, allowing for the transmission of nerve impulses.

Neuroplasticity

The brain's ability to reorganize itself by forming new neural connections throughout life, allowing the neurons (nerve cells) in the brain to compensate for injury and disease and to adjust their activities in response to new situations or changes in their environment.