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:

Emotional

Pertaining to feelings or the ability to be affected by or express emotions.

Strong

Capable of withstanding great force or pressure, either physically, mentally, or emotionally.

Independent

The state of being self-reliant and not dependent on others for support or decision-making.

Aggressive

Characterized by or exhibiting forceful actions or behaviors, often with the intention to dominate or intimidate others.