A Person Cannot Be Held Contractually Liable on a Negotiable

question 25

True/False

A person cannot be held contractually liable on a negotiable instrument unless his or her signature appears on it.

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Definitions:

Angle of Repose

The steepest angle at which a sloping surface formed of a particular loose material is stable.

Slope Failure

The sudden or gradual collapse of a slope that is too steep for its material to resist the pull of gravity.

Calcium Carbonate

Calcium carbonate is a chemical compound, CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of shells of marine organisms, snails, and eggs.

Clay Minerals

A group of hydrous aluminium phyllosilicates, sometimes with variable amounts of iron, magnesium, alkali metals, alkaline earths, and other cations, which are found in soils and sedimentary rocks.