Administrative Services Corporation authorizes Vic to use company checks to buy office supplies. Vic writes a check
Question:
Administrative Services Corporation authorizes Vic to use company checks to buy office supplies. Vic writes a check to Wholesale Supplies, Inc., for $100 over the actual price of a purchase, for which the seller returns cash. When Wholesale presents the check for payment, it may recover
a. nothing.
b. the amount stated in the check.
c. the amount of the overpayment only.
d. the price of the supplies only.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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