If an Authorized Representative Signs His Name as the Representative

question 4

True/False

If an authorized representative signs his name as the representative of a drawer of a check without noting his representative status, but the check is payable from an account of the represented person who is identified on the check, the signer is not liable on the check as long as his signature was authorized.

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Definitions:

Base Year

A fixed reference point or year used for comparison purposes in financial and economic analysis.

Rate of Return

The increase or decrease in value of an investment over a certain time frame, shown as a percentage of the investment's original price.

Total Assets

The total value of everything a company owns, encompassing cash, stocks, real estate, and machinery.

Common Stockholders

Investors who own shares of common stock in a company, granting them voting rights and a share in the company's profits through dividends.