Agency

Question 1

Pre-printed checks

Answer 1

1) agent will not be personally liable in signing without indicating agency status
2) the signature line on a check
3) that is drawn on the principal’s account
4) provided that the principal’s name is printed on the check

Question 2

Unambiguous Agent Signature

Answer 2

1) agent not personally liable
2) if the agent indicates that the agent is signing the instrument only as an agent and not to incur personal liability
3) principal will be liable

Question 3

Ambiguous Agent Signature

Answer 3

1) against a non-HDC, agent will be permitted to introduce evidence evidence that the original parties to the instrument did not intend for the agent to be personally liable
2) against a HDC, agent must pay and then seek reimbursement from the principal