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Agent X buys an expensive painting for his client, WIZZKID Art Company, at the company's request. Agent X writes out the bill of exchange in
Agent X buys an expensive painting for his client, WIZZKID Art Company, at the company's request. Agent X writes out the bill of exchange in the name of WIZZKID Art Company. WIZZKID Art Company encounters cash flow problems and the bill of exchange can consequently not be honoured. Who is liable for payment?
Select one:
a.Both Agent X and WIZZKID Art Company are liable.
b.Only WIZZKID Art Company is liable.
c.Neither Agent X, nor the WIZZKID Art Company are liable.
d.Only Agent X is liable.
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