Sylvester, acting as a representative agent for Jerry, signs a negotiable instrument with the signature—Jerry, by Sylvester, agent. What kind of liability does Sylvester have for this type of signature?

A) He is not liable on the instrument.
B) He is liable to the payee.
C) He is liable to Jerry.
D) He is liable to the HDC of the instrument.

A

Business

You might also like to view...

Explain the differences between each type of audit risk

What will be an ideal response?

Business

Identify and discuss best practices for explaining and justifying a routine request

What will be an ideal response?

Business