Question
Flo is an administrative assistant with Global Shipping Corporation, but has no authority to sign Global checks. Flo orders merchandise from Home Furnishings Company delivered
Flo is an administrative assistant with Global Shipping Corporation, but has no authority to sign Global checks. Flo orders merchandise from Home Furnishings Company delivered to her apartment and pays with a Global check, signing "Global Shipping Corp. by Flo, admin. assist." Home does not know that Flo has no authority to sign the check. Who is liable on the check, and why?
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Step: 1
The liability on the check in this scenario is complicated and depends on several factors Heres a breakdown of the potential parties involved and thei...
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
