Asked by Dustin Hedrick on Jun 12, 2024
Verified
A signature card shows the signature of only the person who authorizes others in the company to sign checks.
Signature Card
A document signed by an account holder at a financial institution that provides a specimen signature for the purpose of verifying future transactions.
- Identify the function and application of signature cards.
Verified Answer
RM
Raffaele MacchiaJun 14, 2024
Final Answer :
False
Explanation :
A signature card typically shows the signatures of all individuals authorized to sign checks or conduct financial transactions on behalf of the company, not just the person who authorizes others.
Learning Objectives
- Identify the function and application of signature cards.
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