Question: Provide four ways in which an agent can bind a principal to contracts entered into by the agent.

  1. Provide four ways in which an agent can bind a principal to contracts entered into by the agent.

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!

Q:

13. Jason had participated in the flower auction for the last 9 years as an agent for Holt with the authority to buy whatever he felt the store needed. Holt had often made known in the marketplace...

Q:

(Busi law) 14 . Which one of the following statements is true with respect to the relationship between an agent and a principal: a. An agent c an not bind the principal to contracts with a thir d...

Q:

1.* A partner in a firm which gives negligent advice may personally liable for the adverse consequences 2. * A director in a limited company will usually be held personally liable for the...

Q:

Ture/False? 21* In New Zealand a draft Act of Parliament is a Bill which passes through various stages of discussionand becomes law when signed by the British Queen's representative in NZ, the...

Q:

This is the topic of Principal and Agency. The legal relationship between a principal and agent is often seen to have applications in legal entities such the General Partnership and the Limited...

Q:

what do you think about this discussion? Sylvestor Stallion("Sly" to his friends like you and me), owns a luxurious home in Horrorwood, NY. Sly hires ABC Renovations(ABC) to construct a patio...

Q:

Legal Environment of Business Chapter 14 - 16 Question 3: Agency by estoppel means: a: conduct on the part of the agent that implies an agency relationship must be stopped as soon as the principal...

Q:

would someone discuss this with me, please? Generally, an employer is not liable for physical harm done to a third party by reason of the acts of an independent contractor. if that person is...

Q:

Generally, an employer is not liable for physical harm done to a third party by reason of the acts of an independent contractor. However, if that person is determined to be an employee, then he can...

Q:

Please select the correct answers. _ Select the best answer regarding the law of agency: 0 Where an agent has actual, apparent or an agency relationship formed by ratication, the agent is bound to...

Q:

Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the following costs and volume measures: Highest $ 89,000...

Q:

Write an event handler for the "Save" button which can perform the following functions: Save data in database If any of the value is empty it shows you message that one of the value is empty in...

Q:

What is more commonly used in commercial transactions to assist one party? Dual agent Limited services agent Standard agent Transaction broker

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...