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  3. Study Set
    Smith and Robersons Business Law
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    Exam 28: Liability of Parties
  5. Question
    If an Agent Is Authorized to Execute an Instrument on Behalf
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If an Agent Is Authorized to Execute an Instrument on Behalf

Question 51

Question 51

True/False

If an agent is authorized to execute an instrument on behalf of a principal and signs "Cornwall,principal,by Lyons,agent," only the principal is liable on the instrument.

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