Ivan Is a Representative of Sigma Inc

question 27

Essay

Ivan is a representative of Sigma Inc., Checks are drawn by "Sigma Inc., Payroll Account (signed)
D. Ivan," but the checks are not paid. Who is liable on the instrument-the individual or the corporation?
When a representative signs an authorized signature to an instrument, then the representative is not bound provided the signature shows "unambiguously" that the signature was made on behalf of the represented person who is named in the instrument. Sigma Inc. is, therefore, liable for payment of the checks and not Ivan, even though Ivan signed the checks.

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Definitions:

Six-Figure Accuracy

A term usually used to describe financial calculations or measurements that are accurate to at least 100,000 or within six figures.

Superscript

A character, number, or symbol set slightly above the normal line of text, commonly used in mathematical expressions and references.

Six-Figure Accuracy

A level of measurement precision where values are accurate to six digits.

Radical

A term used to describe significant or fundamental changes or the individuals advocating for such changes.