Question
18. A type of damage that will not be awarded in a breach of contract action is: A)punitive damages. B)rescission. C)exemplary damages. D)compensatory damages. 20.
18. A type of damage that will not be awarded in a breach of contract action is:
A)punitive damages.
B)rescission.
C)exemplary damages.
D)compensatory damages.
20. Marco was a furniture buyer for Wellart Department Stores. Marco was authorized to enter into contracts worth up to $50,000. Marco entered into a contract with Frank's Furniture to purchase $100,000 worth of dining room furniture. If Wellart refuses to honor the contract and Frank's sues:
A)Wellart will win, as Marco exceeded his authorized limit.
B)Wellart will win since it never ratified the contract.
C)Frank's will win, as Marco had implied and/or apparent authority.
D)Frank's will win, as Marco had express authority.
21. The inherent power of an agent to accomplish the purpose of the agency comes from the agent's:
A) potential authority.
B)incidental authority.
C)non-express authority.
D)purposeful authority.
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