27. Steve is Mill Corporation's agent and is authorized to write checks on the firm's account in North Bank. Steve writes a check "pay to the order of Ocean Shipping." Steve signs the check "Mill Corporation by Steve, agent." The bank dishonors the check. Liability extends to a. Steve. b. Ocean Shipping. c. Mill Corporation. d. North Bank. 28. Bryan co-signs a $15,000 note payable to College Loan Company enabling Dave to obtain a student loan. The terms of the note stated that Bryan signed "on behalf of" Dave. If Dave stops making payments on the debt, Bryan is a. primarily liable. b. not liable because Bryan signed "on behalf of" Dave. c. discharged from any obligation. d. secondarily liable. 29. To obtain a loan, Nemo signs a note payable to Ox. Ox indorses the note and sells it to Payday Capital, which in turn indorses the note and negotiates it to Quality Investments. Nemo tenders a partial payment on the note, which Quality refuses. Discharged to the extent of the tender is a. Ox and Payday Capital. b. Ox only. c. Payday Capital only. d. no one