Liability on Negotiable Instrument by Agent Indorser

What is the primary role of an agent when signing a commercial instrument?

• To verify the authenticity of the document

• To ensure the document is notarized

• To represent the interests of the principal

• To act on their own behalf

Which of the following is a requirement for an agent's signature to bind the principal?

• The signature must be ambiguous

• The agent must be a legal representative

• The document must be signed in the presence of a witness

• The represented party must be identified

What does it mean for an agent's signature to be unambiguous?

• It must be written in a specific font

• It must include the agent's full name

• It must clearly indicate the agent is signing on behalf of the principal

• It must be signed in the presence of a notary

How does the agent's signature affect the principal-agent relationship?

• It nullifies any existing agreements

• It binds the principal to the terms of the document

• It requires the principal to be present during signing

• It allows the agent to act independently

In addition to the signature requirements, what other laws might apply to the agent-principal relationship?

• Tax laws

• Employment laws

• Property laws

• Principal-agent laws