Thomas is the treasurer of Oklaw, Inc He has authority to sign on behalf of the company. One day, he signs a note as follows: "Thomas Maurtin, as treasurer." The company's name does not appear on the note. Is the company liable on the note? Is Thomas liable on the note? Explain
When an authorized agent indicates that he is signing in a representative capacity but does not disclose the name of the principal, the agent is liable on the instrument only to a holder in due course without notice that the agent was not intended to be liable. The company is liable to all holders.
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