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Home>Levelset Community>Legal Help>If we have a credit application signed by a CFO that is no longer with the company is it valid?

If we have a credit application signed by a CFO that is no longer with the company is it valid?

Alabama

We have a customer that has a very bad payment history and we noticed our credit application was signed by a CFO that has been let go. Do we need to get a new one or is the old one still valid?

2 replies

Jun 7, 2021

It would not hurt to get a new one, however, I am nearly certain he would have been an agent at the time he signed it and/or at worst would be considered an apparent agent. 

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Jun 8, 2021
As long as he was acting on behalf of the company at the time he signed the document, it should be enforceable under Alabama law. If you'd like to talk to an Alabama lawyer about this please give me call at 205-968-9907.
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