Asked by Yousef Abualhawa on Jul 20, 2024
Verified
If Jay signs Mila's name to a negotiable instrument without Mila's authorization or approval:
A) the signature is not effective as the signature is of the unauthorized signer.
B) the signature cannot be ratified later by the person represented.
C) the signature does not bind the person whose name appears.
D) Jay is not liable on the check.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time.
Unauthorized Signer
An individual who signs a document or agreement without the legal authority or permission to do so.
Ratified
Confirms or approves an action, document, or agreement officially, making it valid and enforceable.
- Comprehend the legal consequences of unauthorized signatures and how it affects parties' liability.
Verified Answer
Learning Objectives
- Comprehend the legal consequences of unauthorized signatures and how it affects parties' liability.
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