Rails - Feb 2006 - validates_associated questions

I''m trying to validate a User model object that belongs_to a company

class User < ActiveRecord::Base
	
	belongs_to :company
	validates_associated :company, :message=>"Company can not be
blank"
end

Now, if my Company class has the following:

validates_presence_of :name


shouldn''t that result in the error message beign added to the error
messages for the user??