If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or the name of the signer, the represented person is bound by the signature to the same extent the represented person would be bound if the signature were on a simple contract. If the represented person is bound, the signature of the representative is the authorized signature of the represented person, and the represented person is liable on the instrument, whether or not identified in the instrument.
Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is a legal document that grants an attorney the authority to sign on behalf of a depositor. This authorization is commonly used in various financial and legal transactions where the depositor is unable to sign personally due to physical absence, incapacitation, or any other valid reason. The Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor serves as a verification mechanism to ensure that the attorney has the legal authority to act on behalf of the depositor. It provides a secure and legally binding means for the attorney to make transactions, sign documents, and conduct financial affairs on behalf of the depositor. The types of Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor may vary based on specific circumstances, requirements, and financial institutions. Some common types include: 1. General Signature Authorization: This grants the attorney the authority to sign on behalf of the depositor for a wide range of financial transactions, including checks, loan documents, account openings, and closings. 2. Specific Transaction Signature Authorization: This authorizes the attorney to sign only for specific transactions, such as property sales, contract negotiations, investment-related documents, or any other specific financial activity. 3. Temporary Signature Authorization: This type of authorization grants the attorney the power to sign on behalf of the depositor for a limited period. It could be used when the depositor is temporarily unavailable due to travel, illness, or any other valid reason. 4. Permanent Signature Authorization: This grants the attorney the ongoing authority to sign on behalf of the depositor for an indefinite period. This type of authorization is often used in cases of long-term or permanent incapacitation. When drafting an Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor, it is crucial to ensure that the document clearly outlines the specific powers and limitations of the attorney. It must also state the circumstances under which the authorization is valid, the termination conditions, and any related fee structures or compensation arrangements. Note: It is essential to consult with a licensed attorney or legal professional to obtain accurate and up-to-date information regarding the specific requirements and guidelines for creating an Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor as laws may vary over time.Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is a legal document that grants an attorney the authority to sign on behalf of a depositor. This authorization is commonly used in various financial and legal transactions where the depositor is unable to sign personally due to physical absence, incapacitation, or any other valid reason. The Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor serves as a verification mechanism to ensure that the attorney has the legal authority to act on behalf of the depositor. It provides a secure and legally binding means for the attorney to make transactions, sign documents, and conduct financial affairs on behalf of the depositor. The types of Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor may vary based on specific circumstances, requirements, and financial institutions. Some common types include: 1. General Signature Authorization: This grants the attorney the authority to sign on behalf of the depositor for a wide range of financial transactions, including checks, loan documents, account openings, and closings. 2. Specific Transaction Signature Authorization: This authorizes the attorney to sign only for specific transactions, such as property sales, contract negotiations, investment-related documents, or any other specific financial activity. 3. Temporary Signature Authorization: This type of authorization grants the attorney the power to sign on behalf of the depositor for a limited period. It could be used when the depositor is temporarily unavailable due to travel, illness, or any other valid reason. 4. Permanent Signature Authorization: This grants the attorney the ongoing authority to sign on behalf of the depositor for an indefinite period. This type of authorization is often used in cases of long-term or permanent incapacitation. When drafting an Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor, it is crucial to ensure that the document clearly outlines the specific powers and limitations of the attorney. It must also state the circumstances under which the authorization is valid, the termination conditions, and any related fee structures or compensation arrangements. Note: It is essential to consult with a licensed attorney or legal professional to obtain accurate and up-to-date information regarding the specific requirements and guidelines for creating an Oregon Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor as laws may vary over time.
