Arnold and Palmer signed two promissory notes for a total of $25,000 payable to the Banking Co.

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Arnold and Palmer signed two promissory notes for a total of $25,000 payable to the Banking Co. The two men argued that they were not liable on the notes because they had signed as agents for Sunshine Sales. The notes made no reference to Sunshine, but the men alleged that an officer at Banking had promised to type “Sunshine Sales Corporation” above their signatures on the notes. Are the men liable on the notes?

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Business Law and the Legal Environment

ISBN: 978-1111530600

6th Edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson

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