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Olivia Is Physicians Clinic Agent and Is Not Authorized to Sign

Question 24

Multiple Choice

Olivia is Physicians Clinic agent and is not authorized to sign checks or notes on its behalf. Despite the lack of authority, Olivia issues a note "payable to the order of Loan Company [signed] Physicians Clinic, by Olivia." Liability on this note extends to​


A) ​Physicians Clinic.
B) ​Olivia.
C) ​Loan Company.
D) ​no one.

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