A Purported Principal Is Liable for an Unauthorized Signature by a Purported

question 56

True/False

A purported principal is liable for an unauthorized signature by a purported agent if the purported principal ratifies the unauthorized signature.

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Definitions:

Needy Americans

Individuals or groups within the United States who are in significant need of basic necessities, including food, shelter, and healthcare, often due to poverty or economic hardship.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Banking Crisis

A financial situation where banks face significant liquidity or solvency issues, leading to a lack of confidence and potential failure or government intervention.