Question: CHAPTER 33 DISCUSSION ( Agency Liability and Termination): This chapter discusses the rights of third parties when they contract with agents. A contract will make

CHAPTER 33 DISCUSSION ( Agency Liability and Termination): This chapter discusses the rights of third parties when they contract with agents. A contract will make an agents principal liable to a third party only if the agent had authority to make the contract or if the principal ratified, or was estopped from denying, the agents acts. With this in mind, after reading Chapter 33, post your response to following discussion question in the DISCUSSION TAB by starting a thread and post a reply to at least one classmates post. The grading rubric for this discussion can be found in the course syllabus. What effect do a principals representations giving apparent authority to an agent have on the principals liability?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Instructions: Read the fact summary and answer the questions at the bottom of the page in a separate document. Each answer should be 5-7 sentences, typed, single-spaced, 12-point font, 1\"margins....

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Pages 385, 394 and 399 - Corporations, Partnerships and Sole Proprietorships. Using the following page number define the characteristics: ability to finance them and protect investors' assets. Use...

Case Study: Agency and Regulation Scenario John, a small business owner, wants to expand his business by establishing a new branch in another city. He hires Sarah as his agent to manage the new...

1. When a trial is conducted with a jury, the judge determines issues of _____and the jury determines question of _______ a. evidence, law b. law, evidence c. law, fact d. fact, law 2. Which of the...

2. Which of the following is NOT considered to be an alternative method of dispute resolution? a. Special verdict b. Negotiation c. Conciliation d. Mediation 3. Whatever powers are not specifically...

Business Conduct and Ethics Code Table of Contents A Message From John Watson...................................................................1 The Chevron...

Chapter 13 Food Legislation INTRODUCTION 5 This chapter provides an understanding of some of the requirements that hotels, restaurants and food outlets must comply with when serving, handling,...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Waterloo Wholesale Ltd. (WWL) is wholly owned by Barbara, a resident of Canada, who also owns all of the shares of Kitchener Closets Ltd. (KCL). Both corporations have a December 31 year-end. KKL had...

Explain which compound has the higher boiling point. Discuss in detail.

5 6 . Hackers first targeted: banks. the stock exchange. schools. the government

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...