Dan signs a note "Dan Mason, Agent" without disclosing his principal's name. Dan is liable to a holder in due course without notice that Dan was not intended to be liable
Indicate whether the statement is true or false
True
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On November 1, 2016, Brownsville Co borrowed $80,000 from State Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, 2016, Brownsville Co's overall liability for this loan amounts to:
a. $84,800 b. $80,000 c. $81,600 d. $83,200
Which of the following is a reason why large corporations have the ability to influence legislation?
A. Their size, resources, and sophistication give them the capability to purchase this ability. B. Corporate managers are always aware of the effects of their products or production processes. C. There are no limits on the law's ability to control irresponsible corporate behavior. D. The state legislatures cannot enact hostile regulatory legislation.
The purpose of the purchase order is to
a. order goods from vendors b. record receipt of goods from vendors c. authorize the purchasing department to order goods d. approve payment for goods received
If an indorser merely signs his name and does not specify to whom the instrument is payable, he has made a constructive indorsement.
Answer the following statement true (T) or false (F)