1. Janota’s signature appeared on a note under the name of a corporation acknowledging a $1,000…

1. Janota’s signature appeared on a note under the name of a
corporation acknowledging a $1,000 debt. No other wording appeared other than
Janota’s name and the corporate name. The holder of the note sues Janota on the
note. What will Janota argue and what will be the result?

2. In 1997, Maryellen Peterson was a part-time employee of
Textiles Specialties & Chemicals doing business as CS Industries. On April
17, 1997, Peterson signed a check in the amount of $13,789.80 on the account of
CS Industries and payable to Holtrachem, Inc. The check was imprinted with name
of CS Industries.
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1. Janota’s signature appeared on a note under the name of a
corporation acknowledging a $1,000 debt. No other wording appeared other than
Janota’s name and the corporate name. The holder of the note sues Janota on the
note. What will Janota argue and what will be the result?

2. In 1997, Maryellen Peterson was a part-time employee of
Textiles Specialties & Chemicals doing business as CS Industries. On April
17, 1997, Peterson signed a check in the amount of $13,789.80 on the account of
CS Industries and payable to Holtrachem, Inc. The check was imprinted with name
of CS Industries. However, Peterson signed only her name and did not indicate
she was signing in her representative capacity behalf of CS industries. The
drawee bank returned the check to Holtrachem due to insufficient funds in CS
Industries’ account. Holtrachem filed suit against Peterson, seeking to hold
her liable in her personal capacity as the drawer of the check. Is an
individual who signs a check drawn on a corporate account without indicating
she is signing in representative capacity personally liable on the instrument?

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