Which of the Following Is True About the Liability of an Agent

question 12

Multiple Choice

Which of the following is true about the liability of an agent who has the authority to sign?

• A) Under agency law, the principal would be bound by the act of the agent, if the signature is the authorized signature of the principal
• B) An authorized signature may be ratified by the principal.
• C) A negligent person can assert lack of authority against a holder in due cause.
• D) Authorized signatures are not binding.
• E) The general rule in agency law is that the agent is liable if he signs his own name making clear he is doing so as an agent.

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Definitions:

Intellectual Growth

A process in which a person's ability to think, understand, reason, and apply knowledge expands over time.

After-School Program

Organized programs that invite children to participate in various activities after regular school hours.

Charter Schools

Publicly funded independent schools established by teachers, parents, or community groups under the terms of a charter with a local or national authority.

Lengthened School Day

An extension of the typical hours allocated for academic learning in schools.