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Potter Hardware, a national chain, employed Ed as the general manager of one of its stores in a distant city. When Ed' store got into

Potter Hardware, a national chain, employed Ed as the general manager of one of its stores in a distant city. When Ed' store got into financial trouble, Ed obtained loans from various local banks in Potter's name without Potter's express permission. When Ed's store finally goes under, and the banks sue Potter on the loans, is Potter liable? Why or why not?

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