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Author Question: Conville signed a note as an officer of the Hughesville Manufacturing Corporation, but she did not ... (Read 42 times)

schs14

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on: Jun 24, 2018
Conville signed a note as an officer of the Hughesville Manufacturing Corporation, but she did not name the corporation in the note or indicate that she was acting as an officer for it. Later, she was sued by the Grange National Bank, the holder of the note. She raised the defense that the corporation was liable on the note. Who was liable?

Question 2

The good faith estimate under RESPA must be given within one day of loan application.
  Indicate whether the statement is true or false


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kjohnson

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Conville was personally liable on the note because she failed to disclose on the note itself both the name of the corporation and her representative capacity.

Answer to Question 2

FALSE


schs14

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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