Paul Gett is a well-known, wealthy financial expert. Adam Wade, Getts friend, tells Timothy Brown that he

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Paul Gett is a well-known, wealthy financial expert. Adam Wade, Gett’s friend, tells Timothy Brown that he is Gett’s agent for the purchase of rare coins and shows Brown a local newspaper clipping mentioning Gett’s interest in coin collecting. Brown, knowing of Wade’s friendship with Gett, contracts with Wade to sell a rare coin valued at $25,000 to Gett. Wade takes the coin and disappears with it. On the payment due date, Brown seeks to collect from Gett. Gett denies liability and claims that Wade was never his agent. Discuss fully whether an agency was in existence at the time the contract for the rare coin was made.

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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