Multiple Choice
What was the result in the Rakestraw v.Rodriguez case referenced in the textbook,a case in which a husband had forged his wife's signature to obtain a loan to start a grocery store?
A) The court affirmed the criminal liability of the husband,but remanded the case for further findings regarding the propriety of the husband's prison sentence for forgery.
B) The court remanded the case for further findings regarding whether the wife gave her husband express authority to sign her name.
C) The court ruled that the wife's actions in sharing in profits and in helping run the business effectively voided her signature.
D) The court ruled that the wife's actions in sharing in profits and in helping run the business effectively ratified her signature.
E) The court ruled that the wife's actions in sharing in profits and in helping run the business effectively rescinded her signature.
Correct Answer:

Verified
Correct Answer:
Verified
Q83: Which of the following is true regarding
Q84: Hot Dress.Doreen writes a check for a
Q85: Run Around.Millie issues a note to Bob.Bob
Q86: When a party receives a negotiable instrument
Q87: According to the shelter principle,if a holder
Q88: The purpose of the shelter principle is
Q89: Run Around.Millie issues a note to Bob.Bob
Q91: Which of the following is a correct
Q92: A right to _ is the ability
Q93: According to the Uniform Commercial Code,if a