True/False
Bob authorizes Steward to borrow money on his behalf.Steward signs his name on a note in his individual capacity i.e.without disclosing that the signature is on behalf of Bob. As a result,Steward becomes liable for the note.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: The drawee does not have liability on
Q24: The negotiable instruments of a corporation have
Q25: Susie Q.signs a promissory note with her
Q26: A(n)_ is a person who poses as
Q27: In Victory Clothing Co.v.Wachovia Bank,N.A. ,the case
Q29: Which of the following is true regarding
Q30: John borrows $3,000 from Town Credit Union
Q31: If the drawee bank mistakenly paid a
Q32: In which of the following situations is
Q33: Revised Article 3 of the UCC provides