Which of the Following Is True Regarding Whether an Agent's

question 121

Multiple Choice

Which of the following is true regarding whether an agent's signature may satisfy the signature requirement for negotiability?

• A)An agent's signature on behalf of his or her principal binds the principal and satisfies the signature requirement for negotiability.
• B)An agent's signature on behalf of his or her principal cannot bind the principal and does not satisfy the signature requirement for negotiability.
• C)An agent's signature on behalf of his or her principal binds the principal and satisfies the signature requirement for negotiability,but only if specific written authorization from the principal allowing the agent to act on the subject transaction is attached to the document.
• D)An agent's signature on behalf of his or her principal binds the principal and satisfies the signature requirement for negotiability,but only if the instrument is for an amount over $1,000.
• E)An agent's signature on behalf of his or her principal binds the principal and satisfies the signature requirement for negotiability,but only if the instrument is for an amount of $1,000 or less.

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Definitions:

ABC Model

A framework in cognitive behavioral therapy (CBT) that describes the relationship between an event (Activating event), beliefs (Beliefs), and consequences (Consequences).

Attitude Components

The cognitive, affective, and behavioral aspects of an attitude that respectively represent beliefs, feelings, and intentions towards an object or issue.

Experiential Hierarchy

The organization of experiences and learnings in a manner where they are structured from the most basic to the most complex.

Low-Involvement Hierarchy

A consumer decision-making process for products or services that are perceived as low risk and have little emotional connection, often involving limited information search and simple evaluation processes.