Solved

Bob Authorizes Steward to Borrow Money on His Behalf

Question 60

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.Then Steward becomes liable for the note.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: The drawee does not have liability on

Q46: Able carefully drew a check for $10

Q57: Susan Smith steals a valuable necklace from

Q58: Jason has knowledge of the fact that

Q60: UCC section 3-604 allows for the liability

Q65: Salmond signs a note for the purpose

Q78: A representative is personally liable to a

Q79: If Jay signs Mila's name to a

Q84: Where the impostor has impersonated a person

Q90: Signing a promissory note is an example