Administrative Services Corporation authorizes Vic to use company checks to buy office supplies. Vic writes a check

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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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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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