Maurina Barker is an agent of Southland, and she is authorized to sign checks on Southland's bank account. If Maurina signs a check as "Maurina Barker, as agent for Southland" she is not liable on the instrument
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
On September 1, 2015, Excellent Company received an $80,000, 12%, 120-day note from a credit customer wishing to extend its repayment period. On October 1, 2015, thirty days after the note was received, Excellent discounted the note at the bank at 14%. How much cash did Excellent Company receive from the bank?
A) $80,800 B) $80,749 C) $80,288 D) $79,317
Unlikebusiness-to-consumer (B2C) e-commerce, business-to-business (B2B) e-commerce:
A. involves lower sums of money. B. requires much less negotiation. C. results in long-term supply chain relationships. D. uses opt-in email as a primary advertising medium.
Buck owns five acres of land in California. On the land Buck has a house and a toolshed. There are ten large maple trees around the house. The real property includes
a. the land only. b. the land and the house only. c. the land, the house, and the toolshed, but not the trees. d. the land, the house, the toolshed, and the trees.
The Anti-Counterfeiting Trade Agreement applies to counterfeit physical goods and pirated, copyrighted works being distributed via the Internet
Indicate whether the statement is true or false