Fruity Loop, a hip$-$hop artist, employed a booking agency Nanosounds, Inc. to find and book concerts and make all travel arrangements for his next national tour. Nanosounds, Inc. books a concert on the tour at the University of Farmasota. When Loop sees the concert schedule and finds out the concert will be held in a cow pasture next to a corn field, he refuses to perform the concert. If U of Farmasota sues for breach of contract, which of the following statements is true?

Fruity Loop, a hip$-$hop artist, employed a booking agency Nanosounds, Inc. to find and book concerts and make all travel arrangements for his next national tour. Nanosounds, Inc. books a concert on the tour at the University of Farmasota. When Loop sees the concert schedule and finds out the concert will be held in a cow pasture next to a corn field, he refuses to perform the concert. If U of Farmasota sues for breach of contract, which of the following statements is true?

Loop is liable on the contract because Nanosounds, Inc. entered into the contract with express authority to do so on his behalf.

Loop is not liable on the contract because Nanosounds, Inc. was authorized to find concert opportunities with final approval of the concerts left up to Loop.

Nanosounds, Inc. will be liable on the contract because its employees should have known that Loop would not want to perform in a cow pasture.

Both Loop and Nanosounds, Inc. are liable on the contract because they were working together to arrange the tour as a single business venture.

If Loop does not perform then Nanosounds, Inc. is liable under the contract because they are the ones who negotiated with U of Farmasota.