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Home / Opinion Digests / Commercial – Confessed Judgment – Power Of Attorney – Ratification – Necessary Signatures (access required)

Commercial – Confessed Judgment – Power Of Attorney – Ratification – Necessary Signatures (access required)

Where debtor signed a power of attorney appointing an agent selected by creditor to confess judgment on a note in the event of default and the attorney-in-fact did not sign the instrument, the confession of judgment would not be set aside because debtor ratified creditor's selection of the agent and the attorney-in-fact was not required ...

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