Question
Fred Creek recently was hired by Timko Barton, Inc.in the accounting department.Timko Barton is the world's leader in musical washboard sales. Fred works for the
Fred Creek recently was hired by Timko Barton, Inc.in the accounting department.Timko Barton is the world's leader in musical washboard sales. Fred works for the CFO who travels each monthtoWashiteria Arkansas, thewashboard manufacturing capital of the world.In his first month at Timko, Fred is asked to sign a contract for Timko because the CFO is traveling.Fred signs his name to the contract "Fred Creek" and does not indicate his position at the company.Several months later, litigation over the contract ensues and the other party to the contract sues Timko corporately and Fred individually.Is Fred individually liable for the contract because he signed as an individual?Canan accounting grunt like Fred even sign a contract for Timko?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started