Barbara, a purchasing agent for UTA, was fired for good reason. Being angry about her dismissal, she calls one of UTA's suppliers and orders 1,000 purple widgets UTA does not need. If UTA, the principal, is held liable for this transaction, it is because Barbara had:
a. express authority b. implied authority
c. apparent authority d. actual authority
e. none of the other choices apply
Question 2
A maker of a note will have a real defense against a holder in due course as a result of any of the following conditions except:
a. Discharge in bankruptcy
b. Forgery
c. Fraud in the execution
d. Lack of consideration
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