An unauthorized signature cannot be ratified by the person whose name appears on the instrument.
Correct Answer:
Verified
Q4: Presentment for payment is one step necessary
Q6: Under Revised Article 3 of the UCC,
Q7: A signature may be made by an
Q8: Warranties on presentment are the same regardless
Q11: A drawee bank is primarily liable after
Q11: The maker is the primary party on
Q17: Elder, an authorized agent for Mullins, signs
Q18: "Presentment" is necessary within 10 days of
Q19: Discharge applies to the individual, not to
Q20: The drawer is obligated to pay the
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