Albert agreed orally with Patty to sell Patty's rowboat for her, at a minimum price of $350,00

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Albert agreed orally with Patty to sell Patty's rowboat for her, at a minimum price of $350,00 The law recognizes various kinds of authority, e.g, express, implied, etc Briefly explain the concept of agency and indicate what type of authority, if any, Albert has to perform the following actions?

Albert takes two prospective buyers for a ride in Patty's rowboat.

Albert sells the rowboat for $350.00.

Albert sells Patty's sailboat (which was not mentioned in the agency contract) for $350 00.

After Albert sells the sailboat (above), Patty hears of the price and approves the sale

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Dec 06, 2023 02:44 AM

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Albert agreed orally with Patty to sell Patty's rowboat for her, at a minimum price of $350,00

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Smith and Roberson Business Law

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