Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mary is an administrative assistant with Benefit Finance Corporation but has no authority to sign Benefit Finance checks. Mary orders merchandise from Modern Department Store

Mary is an administrative assistant with Benefit Finance Corporation but has no authority to sign Benefit Finance checks. Mary orders merchandise from Modern Department Store delivered to her home and pays with a Benefit Finance check by signing "Mary." Modern Department Store does not know that Mary has no authority to sign the check. Who is liable on the check, and why? Which party ultimately bears the loss?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Decision Support And Business Intelligence Systems

Authors: David King, Ting Peng Liang

9th Edition

013610729X, 9780136107293

More Books

Students also viewed these General Management questions

Question

Simplify each expression. -7(36)-(-2)(-3)

Answered: 1 week ago

Question

2. Use different groups for different subjects.

Answered: 1 week ago

Question

4. What means will you use to achieve these values?

Answered: 1 week ago