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:

Six Sigma

A data-driven approach and methodology for eliminating defects in any process.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or standard.

Older Technology

Previously widespread technology that has been surpassed by newer innovations, yet may still be in use or relevant in certain contexts.

Productivity

The measure of how efficiently and effectively resources are used to produce goods and services.