Question

The equal dignity rule has several exceptions. for example, an executive officer of a corporation can conduct business transactions without written authority. likewise, when an agent acts in the of a principal, the rule does not apply. finally, when the agent's signature is merely a , the agent does not need written authority to sign.

Answer 1

3 exceptions to the Equal Dignities Rule:

1. An executive officer of a corporation can generally conduct business transactions without written authority.
2. When an agent acts in the presence of a principal, the rule does not apply.
3. When the agent's signature is merely a formality, the agent does not need written authority to sign