Tri-Pacific Commercial Brokerage, Inc. v. Boreta

OPINION

Chip Parker, a salesman and independent contractor for appellant, Tri-Pacific Commercial Brokerage, Inc. (Tri-Pacific), obtained a $60,000 personal loan from respondent Voss Boreta. *204The terms of the note stated that the principal would be repaid within four days with an additional $15,000 fee. Chip told Voss that Tri-Pacific would guarantee the loan. Chip signed the promissory note with the printed words “Chip Parker, TriPacific” below his signature. Chip defaulted and Voss sought payment first from Chip and then from Tri-Pacific. Chip’s brother, Dan Parker, is the exclusive owner,…