Compare the contract liability of the principal and the agent (a) When the agent acts within the
Question:
(a) When the agent acts within the scope of authority and
(b) When the agent acts without authority or does not disclose the principal’s identity to third parties.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
a The principal is liable on contracts but the agent is not b The agent is liable unless ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Business Law Principles and Practices
ISBN: 978-1133586562
9th edition
Authors: Arnold J. Goldman, William D. Sigismond
Question Posted:
Students also viewed these Business Law questions
-
Liability Insurance Company writes a substantial amount of commercial liability insurance. A large construction company requests $100 million of liability insurance to cover its business operations....
-
1. How much obedience and loyalty does an agent employee owe to an employer? What if the employer engages in an activityor requests that the employee engage in an activitythat violates the employees...
-
1. What defense did Patricia Walton raise in the lawsuit against her by the nursing home for payment of her mothers nursing home bills? 2. How did the court decide this case? 3. Speculate on why the...
-
When will the balance in the intercorporate investment account be the same if the investment is carried at fair value, or if the equity method of accounting is used?
-
Using this class width, construct a relative frequency distribution for the 2013 cars.
-
A random sample of 200 students at Academic University finds the sample mean grade point average to be 3.10 with a standard deviation of 0.80. Construct a 99 % confidence interval for the mean grade...
-
Why is the current best price to charge for the unsold trees the one at which the price elasticity of demand equals 1? (Assume no disposal costs.)
-
Based on your diagnosis of feedback practices you experienced in a current or previous job through the completion of the instrument in Table 9.1, which practices are least effective? How might they...
-
Let m x n real matrix A have rank n. Then although for given b = Rm the linear system Ax = b may not have a true solution x R, the normal equations AT Ax = ATb (1) (2) always have a unique solution...
-
The probability that a specific hydraulic actuator can be successfully repaired in the field, once it has failed, is estimated at 0.4. You are asked to optimize the shipment of a limited supply of...
-
What are the differences between the three types of authority that an agent has?
-
Clarke and Manko, both agents of Reserve Insurance Company, attended a convention relating to their work, although their attendance was not required by the company. While at the convention, Clarke...
-
Why were the opening of the Erie Canal, the building of the transcontinental railroads and the building of the National System of Interstate and Defense Highways after World War II so important to...
-
Jeff buys 100 shares of ABC stock for $45 a share. The value of the stock rises to $50 per share. He sells 50% of his stock and keeps the rest hoping it will continue to increase in value. What is...
-
Tanny Company produces a finished product requiring direct materials to be added at uneven intervals during production. Direct materials are added only in Department A. The schedule o when direct...
-
A companys bonds have 15 years to maturity, a 7.6% coupon rate paid semi-annually, and a $1,000 par value. The bonds have a 7% nominal yield to maturity, but can be called in 6 years at a price of...
-
The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash...
-
On 3 July 2014 Simon sold half of his shares in ABC Ltd for $12 a share plus $90 brokerage. He had originally acquired 2,000 shares in ABC Ltd on 2 September 1986 at a price of $5 a share plus $80...
-
Write a symbolic representation (formula) for a function g that calculates the given quantity. Then evaluate g(10) and interpret the result. The number of quarters in x dollars
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
The Metropolitan Park District of Tacoma gave Griffith a concession to run the districts parks. The agreement gave the right to occupy the parks and use any improvements found therein. The district...
-
Suburban Power Piping Corp., under contract to construct a building for LTV Steel Corp., made a subcontract with Power & Pollution Services, Inc., to do some of the work. The subcontract provided...
-
Ellen borrowed money from Farmers Bank. As evidence of the loan, she signed a promissory note by which she promised to pay to the bank in installments the amount of the loan together with interest...
-
Quality Cabinets Inc. (Quality) manufactures custom kitchen cabinets from its location in Squamish, British Columbia. The cabinets are then sold to contractors who install them in kitchens. Bruce...
-
Wildhorse Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials $5.00 $11.00 $54.00 Direct labor 4.00 3.00 24.00 Manufacturing overhead 5.00...
-
Hindenburg Inc. is an automobile manufacturer in the city of New Orleans, Louisiana that specializes in farm-related vehicles, such as tractors, etc. They have two types of tractors Standard and...
Study smarter with the SolutionInn App