Sylvester, Acting as a Representative Agent for Jerry, Signs a Negotiable

question 23

Multiple Choice

Sylvester, acting as a representative agent for Jerry, signs a negotiable instrument with the signature-Jerry, by Sylvester, agent. What kind of liability does Sylvester have for this type of signature?

• A) He is not liable on the instrument.
• B) He is liable to the payee.
• C) He is liable to Jerry.
• D) He is liable to the HDC of the instrument.

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Definitions:

Business Reports

Formal documents that provide information and analysis to assist in business decision-making, often including data, research findings, and recommendations.

Formality

The strict adherence to prescribed or established rules, conventions, or ceremonies, often in official or ceremonial contexts.

Professional Courier

A service or individual specializing in the delivery of documents and packages for businesses in a reliable and timely manner.

Open-Source Format

Refers to a type of software license that allows the source code to be freely used, modified, and shared.