Kris is an administrative assistant with Little Financial Corporation, but has no authority to sign Little Financial checks. Kris orders merchandise from My-T-Fine Retail Company delivered to her home and pays with a Little Financial check, signing “Little Financial Corp. by Kris, admin.assist.” My-T-Fine does not know that Kris has no authority to sign the check. Who is liable on the check, and why?

Answer rating: 100% (QA)

A check is the most common type of commercial paper in circulation today A large number of checks ar... View the full answer