Question: Question 1 1 A principal will be liable on a contract entered into with a third party by an agent Acting outside the scope of

Question 11
A principal will be liable on a contract entered into with a third party by an agent
Acting outside the scope of the agent's authority
If the third party verbally confirms that the principal approved the contract
Acting within the scope of the agent's authority and where the existence and identity of the principal
is disclosed to the third party.
Only if the principal signs the contract
 Question 11 A principal will be liable on a contract entered

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!