Asked by Austin Vaughn on Jun 04, 2024
Verified
An unauthorized signature may be ratified by the person whose name appears on the instrument.
Unauthorized Signature
A signature on a document made by someone not authorized by the person or entity purported to be signing, potentially leading to legal non-recognition of the document.
Ratified
Ratified means formally approved or confirmed, often in the context of agreements, contracts, or legislative actions.
- Identify the circumstantial prerequisites for the ratification of an instrument or the authorization of signatures.
Verified Answer
SS
Sherbie StrawderJun 05, 2024
Final Answer :
True
Explanation :
An unauthorized signature can be ratified by the person whose name appears on the instrument, making the signature binding as if it were authorized from the beginning.
Learning Objectives
- Identify the circumstantial prerequisites for the ratification of an instrument or the authorization of signatures.