Question: If a contract is ambiguous regarding whether the agent has signed in a representative or an individual capacity: there is a presumption that the agent

If a contract is ambiguous regarding whether the agent has signed in a representative or an individual capacity:
there is a presumption that the agent signed in a representative capacity.
there is a presumption that the agent signed in an individual capacity.
the agent and the principal will both be liable on the contract.
parol evidence is admissible to establish the character in which the agent was acting.

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!