Question
1. Annie B., a well-known entrepreneur in her community, introduces Diego to her friends and customers as a trusted associate.Without Annie's knowledge, Diego holds himself
1. Annie B., a well-known entrepreneur in her community, introduces Diego to her friends and customers as "a trusted associate."Without Annie's knowledge, Diego holds himself out as Annie's agent in a significant business transaction with Kosher Eatery, a new customer.When contacted by Kosher Eatery for delivery instructions, Annie denies Diego's authority to commit her to the contract.If Annie is held legally liable to Kosher Eatery under agency law principles, it will most likely be under
a.The Doctrine of Estoppel.
b.Apparent authority.
c.Express authority.
d.both a. and b.
2. Home Development Company employs Valera in a senior executive position to acquire property for a future development. Valeria secretly buys some of the property she inspects for own account and later sells it to Home Development under an assumed business name, achieving a significant profit in the resale transaction.Valeria has breached
a.the obligation of confidentiality.
b.the duty of loyalty.
c.the duty of care.
d.none of the above.
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