How does an authorized representative's signature work for negotiable instruments?
What will be an ideal response?
A maker or drawer can appoint an agent to sign a negotiable instrument on his or her behalf. In such circumstances, the representative's signature binds the maker or drawer. A maker or drawer is liable on a negotiable instrument signed by an authorized agent. The agent is not personally liable on the negotiable instrument if his or her signature properly unambiguously discloses his or her agency status and the identity of the maker or drawer. In the case of an organization, the agent's signature is proper if the organization's name is preceded or followed by the name of the authorized agent.
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What is geofencing? Provide an example
What will be an ideal response?
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Indicate whether the statement is true or false