Mack is Bertha's agent and is authorized to sign checks for her.Mack signs one of Bertha's checks with only his own name.Who is liable on the check?

Question

Quizplus · Accepted Answer

If a principal authorizes an agent to borrow money on the principal's behalf,and the agent signs her name to a note without disclosing that the signature was on behalf of the principal,the agent is liable on the note.However,if the person entitled to enforce the note can show that principal authorized the agent to sign on his behalf,then principal is liable on the note as well.

Mack Is Bertha's Agent and Is Authorized to Sign Checks