Once an Appointed Authorized Representative Signs a Negotiable Instrument, While

question 6

Multiple Choice

Once an appointed authorized representative signs a negotiable instrument, while unambiguously disclosing his or her agency status, and the identity of the maker or drawer, then ________.

• A) the authorized agent becomes personally liable to pay for the negotiable instrument
• B) the signature binds the maker or drawer of the negotiable instrument to the instrument
• C) the agent cannot sign another negotiable instrument until this instrument's transaction is complete
• D) the agent is obligated with secondary liability to the instrument

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Definitions:

Product Specialization

Product specialization is a strategy where a business focuses on producing and selling a limited range of products to target a specific market segment or demographic effectively.

Marketing Plan

A comprehensive document that outlines a company's overall marketing effort, including strategies, objectives, and actions to achieve marketing goals.

Valid Assumptions

Assumptions that are logically justified and supported by evidence or sound reasoning.

Historical Data

Information from the past used for research, analysis, and planning by providing context or comparison for current conditions or forecasts.