Can an authorized signatory on a corporate account be held personally liable for corporate checks returned for insufficient funds?

Are the Helmers liable in this case? Discuss.

Liability of the Agent. Robert Helmer and Percy Helmer Jr. were authorized signatories on the corporate checking account of Event Marketing Inc. The Helmers signed a check drawn on Event Marketings account and issued to Rumarson Technologies Inc. (RTI) in the amount of $24 965. The check was signed on July 13 1998 but dated August 14. When RTI presented the check for payment it was dishonored due to insufficient funds. RTI filed a suit in a Georgia state court against the Helmers to collect the amount of the check. Claiming that the Helmers were personally liable on Event Marketings check RTI filed a motion for summary judgment. Can an authorized signatory on a corporate account be held personally liable for corporate checks returned for insufficient funds? Are the Helmers liable in this case? Discuss. [Helmer v. Rumarson Technologies Inc. 538 S.E.2d 504 (Ga.App. 2000)]

"Looking for a Similar Assignment? Order now and Get a Discount!

Place New Order
It's Free, Fast & Safe

"Looking for a Similar Assignment? Order now and Get a Discount!

"Looking for a Similar Assignment? Order now and Get a Discount!

Get better grades effortlessly,
It’s cheaper than you might think

Effortlessly get the essays and grades you need. You can now get any essay, on any subject and at ANY deadline with just 10 minutes of your time (or less). Your professor will love you for it!