Mike Authorizes His Agent,Ben to Borrow a Sum of $10,000

question 82

Multiple Choice

Mike authorizes his agent,Ben to borrow a sum of $10,000 on his behalf from the National Bank.Ben signs his name to a note without disclosing that the signature was on behalf of Mike.Who is liable on the note?

• A)Only Mike is liable.
• B)National Bank is liable.
• C)Both of them are liable.
• D)Only Ben is liable.

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Definitions:

Permissive Attitudes

A mindset characterized by tolerance or acceptance of behaviors typically considered unconventional or taboo.

Sexual Interest

An individual's preference or inclination towards certain types of sexual activities or attractions.

Fetishism

A type of sexual attraction or obsession towards non-living objects, body parts, or specific situations.

Paraphilia

A condition characterized by atypical sexual interests that may involve non-normative targets, activities, or situations, considered beyond the realm of conventional sexual behavior.