Liability of an agent or broker in negotiable instruments
Sec. 69. Liability of an agent or broker. - Where a broker or other agent negotiates an instrument without indorsement, he incurs all the liabilities prescribed by Section Sixty-five of this Act, unless he discloses the name of his principal and the fact that he is acting only as agent.
APPLICATION OF SECTION 69• Instruments payable to bearer
• To escape personal liability as a party negotiating by delivery, the agent must disclose his principal and state that he is acting only as an agent