Lon Is Mill Corporation's Agent and Is Authorized to Write

question 33

Multiple Choice

Lon is Mill Corporation's agent and is authorized to write checks on the firm's account in North Bank. Lon writes a check "pay to the order of Ocean Shipping." Lon signs the check "Mill Corporation by Lon, agent." The bank dishonors the check. Liability extends to

• A)Lon.
• B)Ocean Shipping.
• C)Mill Corporation.
• D)North Bank.

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