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.
Collin Texas Signature Authorization is a legal document that grants an attorney the authority to sign on behalf of a depositor. This authorization is crucial as it allows the attorney to perform necessary tasks related to financial transactions, contracts, and agreements on behalf of the depositor. The attorney's signature holds the same legal weight as that of the depositor, ensuring seamless operations in various financial matters. There are typically three different types of Collin Texas Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor: 1. General Signature Authorization: This type of authorization grants the attorney the broad authority to sign on behalf of the depositor in all financial matters. It enables the attorney to engage in multiple types of transactions and execute various legal documents, including but not limited to contracts, loans, and leases. 2. Limited Signature Authorization: In some cases, a depositor may specify certain limitations or restrictions on the attorney's signing authority. Limited Signature Authorization allows the attorney to sign only on specific types of documents or within specific circumstances as defined by the depositor. This type of authorization provides more control to the depositor while still delegating certain signing responsibilities to the attorney. 3. Temporary Signature Authorization: When a depositor anticipates being temporarily unavailable or unable to sign important documents, a Temporary Signature Authorization may be issued. This grants the attorney the temporary authority to act on behalf of the depositor during the specified period. It is commonly used during periods of travel, illness, or other temporary incapacitation. Whether it is a general, limited, or temporary Signature Authorization, Collin Texas ensures that the attorney's authorized signature is legally binding and represents the depositor's consent. It is essential for the depositor to carefully review the terms and conditions of the authorization and ensure that the appointed attorney is trustworthy and knowledgeable in handling financial matters.
