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Menzes Is the Treasurer of ABC Corp

Question 38

Multiple Choice

Menzes is the Treasurer of ABC Corp.As such,he is authorized to sign checks for the corporation.A supplier bills ABC for a legitimate obligation.Menzes makes out a check to the supplier and signs it "ABC Corp. ,by Menzes,Treasurer." Who is liable on this check?


A) ABC only
B) Menzes only
C) ABC and Menzes
D) Neither ABC nor Menzes

Correct Answer:

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