John is a Vice President in the ABC Corporation. John receives the financial statements of the company from Bill, the accountant. John files the statement with the Secretary of State without reviewing them. When a discrepancy is found by the State, a lawsuit is filed against the company for providing inaccurate statements. John files an answer asserting that he is not the financial officer of the company and that they are suing the wrong party, he asserts that they should be suing Bill for the inaccurateness. Will John will prevail? Why? Under what principle $($s$)?$

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In the scenario provided John as a Vice President of the ABC Corporation received the financial stat... View the full answer