Asked by Amiel Herrera on May 22, 2024

verifed

Verified

Cade,the owner of Cade Body Shop,Inc.is in the habit of paying business expenses from his personal checking account.One such check to Parts Warehouse,Inc.is dishonored,and Parts attempts to collect from Cade personally who asserts that only Cade Body Shop,Inc.is liable.Discuss the legal resolution of this problem.

Parts Warehouse

A storage facility specialized in storing spare parts for various types of machinery or vehicles.

  • Discern the effect of forging and culpability in financial payment methods.
verifed

Verified Answer

CS
Courtney SoucierMay 27, 2024
Final Answer :
Agents who sign their own names to an instrument are personally obligated if the instrument neither names the person represented nor has a signature in a representative capacity.Such is the case here in addition to the fact that Cade has commingled business and personal assets in a manner that makes him personally liable.