Faisal is a principal of a parachute business in Malaysia. Faisal appointed Khairul as his agent...
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Faisal is a principal of a parachute business in Malaysia. Faisal appointed Khairul as his agent to represent him in the business. Khairul without Faisal's authority had purchased 10 units advanced free fall parachute from Singapore. Afraid of stock piling parachute in his store, Faisal then on his own account resold the advanced free fall parachute to Wilayah Diving Club and made some substantive profits. Khairul's act of purchasing the advanced parachute was questioned by Faisal. Advice Khairul if he had done any wrong and whether it can be remedied? Faisal is a principal of a parachute business in Malaysia. Faisal appointed Khairul as his agent to represent him in the business. Khairul without Faisal's authority had purchased 10 units advanced free fall parachute from Singapore. Afraid of stock piling parachute in his store, Faisal then on his own account resold the advanced free fall parachute to Wilayah Diving Club and made some substantive profits. Khairul's act of purchasing the advanced parachute was questioned by Faisal. Advice Khairul if he had done any wrong and whether it can be remedied?
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Based on the scenario you described it appears that Khairul acting as Faisals agent purchased 10 units of advanced free fall parachutes from Singapore ... View the full answer
Related Book For
Smith and Robersons Business Law
ISBN: 978-1337094757
17th edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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