[Diamond Debacle] Prida owns Prida's Jewelry Store.Charla is Prida's top diamond purchasing agent and usually signs promissory notes on Prida's behalf.Unbeknownst to Prida,Charla is considering opening her own diamond business.While at a convention in New York,Charla signs a promissory note with Jirah's Diamonds for the cost of several newly cut stones.Although Prida's Jewelry Store's name does not appear on the note,Jirah is aware that Charla works for Prida's.Charla decides not to quit her job at Prida's and Jirah presents Prida's with the note and demands payment.
-Can Prida's Jewelry be held liable for the note?

Question

Quizplus · Accepted Answer

A)If an agent signs an instrument truly on behalf of a principal,this principal can be
held liable even if he or she is not "identified in the instrument" [3-402a)].
B)If an agent signs an instrument truly on behalf of a principal,this principal can be held liable even if he or she is not "identified in the instrument" [3-402a)].
C)If an agent signs an instrument truly on behalf of a principal,this principal can be held liable even if he or she is not "identified in the instrument" [3-402a)].
D)If an agent signs an instrument truly on behalf of a principal,this principal can be held liable even if he or she is not "identified in the instrument" [3-402a)].
E)If an agent signs an instrument truly on behalf of a principal,this principal can be held liable even if he or she is not "identified in the instrument" [3-402a)].

[Diamond Debacle] Prida Owns Prida's Jewelry Store