0
Natalia09 Posted 16 years ago
Essay & Composition Writing
Pay money with respect to the account
Hi,
I have a problem with correct understanding of the following sentence:
RESOLVED FURTHTER that all checks, drafts and other instruments obligating the company to pay money with respect to the Account may be signed on behalf of the Company by the following individual:...
In which connection does "money" stand to "Account"? Is it payed from it or anything else? The "Account" is a company's one.
Thank you
I have a problem with correct understanding of the following sentence:
RESOLVED FURTHTER that all checks, drafts and other instruments obligating the company to pay money with respect to the Account may be signed on behalf of the Company by the following individual:...
In which connection does "money" stand to "Account"? Is it payed from it or anything else? The "Account" is a company's one.
Thank you
Top answer
I don't believe it's as complicated as it sounds. " But this particular resolution pertains only to the ones obligating the company to pay money with respect to THIS account. It doesn't authorize the "following individual" to sign on other accounts which the company may have.
- I don't believe it's as complicated as it sounds.
- " But this particular resolution pertains only to the ones obligating the company to pay money with respect to THIS account.
- It doesn't authorize the "following individual" to sign on other accounts which the company may have.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
4 Answers
0
I don't believe it's as complicated as it sounds.
There may be OTHER "checks, drafts and other instruments obligating the company to pay money."
But this particular resolution pertains only to the ones obligating the company to pay money with respect to THIS account.
It doesn't authorize the "following individual" to sign on
There may be OTHER "checks, drafts and other instruments obligating the company to pay money."
But this particular resolution pertains only to the ones obligating the company to pay money with respect to THIS account.
It doesn't authorize the "following individual" to sign on
00
The previous sentence says:
RESOLVED FURTHER that the following individual may endorce checks, drafts, or other evidences of indeptedness made payable to LLC the purpose of deposit to the Company's Account: ...
That is why I thought that in the next sentence payments are to be made from the Account because in this (the previous) sentence they are made to the Account. If it is no
RESOLVED FURTHER that the following individual may endorce checks, drafts, or other evidences of indeptedness made payable to LLC the purpose of deposit to the Company's Account: ...
That is why I thought that in the next sentence payments are to be made from the Account because in this (the previous) sentence they are made to the Account. If it is no
00
I'd say the difference is that between signing a check and endorsing a check.
When someone cuts you a check, you must endorse it (on the back) before you can cash it or deposit it to your account.
When you cut someone a check, you must sign it on the front before it's valid.
Are we on the same page?
Best wishes, - A.
When someone cuts you a check, you must endorse it (on the back) before you can cash it or deposit it to your account.
When you cut someone a check, you must sign it on the front before it's valid.
Are we on the same page?
Best wishes, - A.
00
Related Questions