The following are exceptions to the general rule that only persons who sign the negotiable instrument are liable thereon, except: a. Agent who fails to disclose his principal b. Written promise to accept a bill before it is drawn c. Acceptance of a bill on a separate paper d. Persons signing under a trade name
The following are exceptions to the general rule that only persons who sign the negotiable instrument are liable thereon, except: a. Agent who fails to disclose his principal b. Written promise to accept a bill before it is drawn c. Acceptance of a bill on a separate paper d. Persons signing under a trade name
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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The following are exceptions to the general rule that only persons who sign the negotiable instrument are liable thereon, except:
a. Agent who fails to disclose his principal
b. Written promise to accept a bill before it is drawn
c. Acceptance of a bill on a separate paper
d. Persons signing under a trade name
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