Are undisclosed principals and their agents liable under contracts made by the agents with third parties?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
If an agent signs a contract without revealing the agency relation or the principal ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Business Law Today The Essentials Text and Summarized Cases
ISBN: 978-1305574793
11th edition
Authors: Roger LeRoy Miller
Question Posted:
Students also viewed these Business Law questions
-
I thought principals were only liable for the negligent torts of their agents. Romeros tort was intentional.
-
1. Identify and explain the two types of insider training liability under Rule 10b-5. 2. Explain how OHagen violated Rule 10b-5. 3. What is the purpose behind the misappropriation theory of insider...
-
1. What steps should MGS have taken to help limit their promoter liability? 2. What steps could Branch have taken to limit his losses? Branch agreed to provide $75,000 in short-term financing to...
-
Equation 11.14 can be expressed in "coordinate-free" form by writing P0 cos = P0 r. Do so, and likewise for Eqs. 11.17, 11.18. 11.19, and 11.21.
-
The heat transfer rate per unit width (normal to the page) from a longitudinal section, x2 x1, can be expressed as q'12 = h12 (x2 xl)(Ts T), where h12 is the average coefficient for the section of...
-
Simplify x-1 | 2 *+2 4x-1 = x+x-2
-
Using the Angstrm-Page method, calculate the average horizontal insolation in Hamburg in May and in October with \(\overline{\text { PS }} 40 \%\) and \(60 \%\), respectively.
-
Etsitty Arts, Inc., a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand the product line into award plaques. The proposed...
-
A photon with wavelength 0.1395 nm scatters from an electron that is initially at rest. What must be the angle between the direction of propagation of the incident and scattered photons if the speed...
-
The following events concern Anita Letourneau, a Manitoba law school graduate, for March 2014: 1. On March 4, she spent $20 on a lottery ticket. 2. On March 7, she won $250,000 in the lottery and...
-
What happens if a principal does not ratify an agent's unauthorized act?
-
For purposes of the doctrine of respondeat superior, what are factors for determining whether an act is within the scope of employment?
-
The amount of cereal that can be poured into a small bowl varies with a mean of 1.5 ounces and a standard deviation of 0.3 ounces. A large bowl holds a mean of 2.5 ounces with a standard deviation of...
-
Consider the case of Merton's jump-diffusion model where jumps always reduce the asset price to zero. Assume that the average number of jumps per year is \(\lambda\). Show that the price of a...
-
Briefly describe how this phase links in with the Foundations and Enablement phases and with the BPM House.
-
What is the relative importance of family sponsorship (of permanent residency applications) in the United States as compared with Australia and Canada? What factor do Australia and Canada emphasize...
-
Explain the relationship between sustainability and poverty.
-
Outline three of the Sustainable Development Goals.
-
The following financial statements were provided by Zytel Communications Co. The owner, Daniel Zytel, is meeting with an investor who is interested in investing in the company. The investor has...
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
Rohan, an eighty-three-year-old invalid, employs a nurse, Sarah, to care for him. Prior to Sarahs employment, Rohan executed a will leaving his entire estate to his only living relativehis...
-
In January 1993, three and a half years after Lauren and Warren Woodward were married, they were informed that Warren had leukemia. At the time, the couple had no children, and the doctors told the...
-
In 1944, Benjamin Feinberg bought a plot in Beth Israel Cemetery in Plattsburgh, New York. A mausoleum was built on the plot to contain six crypts. In 1954, Feinbergs spouse died and was interred in...
-
Hitzu Company sold a copier (that costs $4,800) for $6,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 4% of dollar sales. It records...
-
A student bikes to school by traveling first dN = 1 . 1 0 miles north, then dW = 0 . 4 0 0 miles west, and finally dS = 0 . 2 20 miles south.Take the north direction as the positive y direction and...
-
Alternative objectives of firm decision-making, we expanded the profit motive to consider the goal of sustainability. As part of the motivation for studying the economics of sustainability, we...
Study smarter with the SolutionInn App