Sec. 20. Liability of person signing as agent, and so forth. - Act 2031

Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability. (Negotiable Instruments Law; Act 2031)

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