Question

ABC Corporation owns a factory. They are selling the factory to Amalgamated Corp. The lawyer for ABC Corporation writes the deed with all of the required elements, and it is signed by Bill Smith. Bill is the president of ABC Corporation, but it doesn't say so on the deed, nor is there a corporate seal. Is this a valid real estate transaction

Answer 1

Answer:

Likely not. There is no indication that Bill Smith had the authority or capacity to sign on the corporation's behalf.

Explanation:

Since in the situation it is mentioned that there is no corporate seal on the deed neither it is to be said so this is not a valid real estate transaction as there is no signal that bill smith have an authority or the capacity for signing on the behalf of the corporation

So the above statement represent an answer