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What is the purpose of supporting multiple signatures of a document?

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What is the purpose of supporting multiple signatures of a document?

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Some business documents may only be valid if they bear more than one signature. For example, this is the case generally when a contract is signed between two parties. The sequence that the signatures are applied (i.e. time stamp of the signature) may or may not be important. Another example from an organization’s procedures manual: “In instances where reimbursement for out-of-pocket business expense is to be paid to an individual, who happens to be the disbursing authority for the account to which the expense will be charged, a second signature should be obtained. The signature may be from either of the following: (1) a person of higher authority or (2) the business manager or other person designated to review and approve expense transactions for the department, school, college or division.

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