Essay
Flo is an administrative assistant with Global Shipping Corporation, but has no authority to sign Global checks. Flo orders merchandise from Home Furnishings Company delivered to her apartment and pays with a Global check, signing "Global Shipping Corp. by Flo, admin. assist." Home does not know that Flo has no authority to sign the check. Who is liable on the check, and why?
Correct Answer:
Verified
Flo is liable on the check, and Global i...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q59: Equity Credit Company has in its possession
Q60: Drill Bit Company issues a check drawn
Q61: The appropriate time for presentment of a
Q62: Ana issues a check drawn on Best
Q63: When a person claims to have been
Q65: It is not a material alteration to
Q66: Because a maker who issues an incomplete
Q67: Liability for payment on a negotiable instrument
Q68: It is assumed that a drawer or
Q69: A parent who co-signs a note for