Zoron Company purchased a truck from Ace Motors. The sales personnel at Ace know that Anton Green is an executive at Zoron. To pay for the truck, Anton delivered a $26,000 note to Ace and signed it "Anton Green, Agent." In this case:
A) the signature of the maker is incomplete. Neither Zoron nor Anton is liable on the note.
B) since "Zoron Company" does not appear on the note, only Anton is liable to Ace for payment of the note.
C) as long as Ace Motors remains holder of the note, Zoron Company is liable for payment.
D) if ABC bank becomes a holder in due course of the note and Zoron Company does not pay, the bank has no recourse against Anton.
Correct Answer:
Verified
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