Larry, the owner of Shoe Industries, employs 100 people. Recently, he broke his hand and therefore, when payday came, he felt he was not able to sign all of the checks and asked his employee, Daryl, to sign the checks. Will these instruments be enforceable?
A) Yes as long as Daryl is also employed by Larry.
B) No as only Larry has the authority to sign the checks.
C) No because Larry must have physical possession of the checks.
D) Yes as Daryl is an agent to Larry.
Correct Answer:
Verified
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