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.

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Definitions:

Motivated

Being motivated refers to having a drive or desire to act or accomplish something, often stemming from personal goals, needs, or incentives.

Observational Learning

Acquiring knowledge by watching others' actions and the results of those actions.

Reinforced

Strengthened or encouraged to occur again in the future, typically through a reward or positive outcome following a specific behavior.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.