Nina is an administrative assistant with Open Pit BBQ Corporation,but has no authority to sign Open Pit checks.Nina orders merchandise from Pleasant Retail Company delivered to her home and pays with an Open Pit check,signing "Open Pit BBQ Corp.by Nina,admin.assist." Pleasant does not know that Nina has no authority to sign the check.Who is liable on the check,and why?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q25: Delores's Restaurante borrows $100,000 at 6 percent
Q63: Qacy signs a check payable to Regal
Q64: Francois,who is not a Giant Bank customer,attempts
Q65: Chris convinces Dion,who does not understand English,to
Q65: On the back of an envelope, Phoebe
Q66: Tina indorses a check.Tina is potentially liable
Q69: Fact Pattern 18-1
Prime Irrigation Systems,Inc. ,signs
Q70: Fact Pattern 18-1
Prime Irrigation Systems,Inc. ,signs
Q71: Vibrant Company gives a $3,000 promissory note
Q72: Twyla buys a used car for $10,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents