Stan Johnson is the secretary of Balzene's,Inc.a small corporation.Before an important meeting with some potential clients,Stan purchases some supplies from a local office supply store.Stan takes one of the company's checks that are imprinted with the company's name to pay for this merchandise.In his rush before the meeting,Stan simply signs the check "Stan Johnson." Which of the following is true in this situation?
A) Stan is not an agent of Balzene's, because he did not sign as an agent.
B) Stan will have exclusive primary liability on this check.
C) Stan and Balzene's will share primary liability on this check.
D) Stan will not have any liability on this check, because the check was imprinted with Balzene's name.
E) Balzene's has exclusive primary liability at the time the check is written.
Correct Answer:
Verified
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