Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

Bradford-Smythe Galleries, acting as agentfor an undisclosed principal, sold a paintingto John Adamson. Adamson laterdiscovered that the painting was a forgeryand sued Bradford-Smythe Galleries for

Bradford-Smythe Galleries, acting as agentfor an undisclosed principal, sold a paintingto John Adamson. Adamson laterdiscovered that the painting was a forgeryand sued Bradford-Smythe Galleries for breach of contract. In its defense, Bradford-Smythe Galleries argued that as a generalrule, agents are not liable on contractsmade for principals.

Is this a good defense? Explain.

Your assignment is due Sunday, November 21, 2021 at 11:59 pm EST.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts Of Accounting Information Systems

Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman

11th Edition

9780470507025, 0470507020

Students also viewed these Law questions

Question

★★★★★

For each of the following independent situations, indicate whether it should be (1) Recorded, (2) Disclosed, (3) Neither recorded nor disclosed. Explain your reasoning and indicate if the accounting...

Answered: 1 week ago

Question

★★★★★

Suppose that the central diffraction envelope of a double-slit diffraction pattern contains 11 bright fringes and the first diffraction minima eliminate (are coincident with) bright fringes. How many...

Answered: 1 week ago

Question

★★★★★

23. A coin having probability p of coming up heads is successively flipped until two of the most recent three flips are heads. Let N denote the number of flips. (Note that if the first two flips are...

Answered: 1 week ago

Question

★★★★★

The following transactions were selected from among those completed by Hailey Retailers in 2014: Nov. 20 Sold two items of merchandise to Baja, who charged the $ 450 sales amount on her Visa credit...

Answered: 1 week ago

Question

★★★★★

Vogel, Inc., an S corporation for five years, distributes a tract of land held as an investment to Jamari, its majority shareholder. The land was purchased for $221,400 ten years ago and is currently...

Answered: 1 week ago

Question

★★★★★

Donovan Ramsey, the Chief Financial Officer of LevelUp Business Consulting, has advised you that the company is considering closing its Calgary, Alberta office at the beginning of the next calendar...

Answered: 1 week ago

Question

★★★★★

While living in St. George, Jeff received a coupon in the mail for a minor car service for $99.95 at a local Econo-Lube. He thought $99.95 was a good deal so he decided to give Econo-Lube a try. When...

Answered: 1 week ago

Question

★★★★★

solve this problem by showing the manual calculation and choose the correct answer(mechanical vibrations) Find the natural frequencies of the system for k = 300 N/m, k2 = 500 N/m, k3 = 200 N/m, m = 2...

Answered: 1 week ago

Question

★★★★★

MegaHoldings Group, a significant conglomerate, and MiniFirm Ltd, its subsidiary, are involved in a financial transaction. Initially, on January 1, 2021, MegaHoldings Group issued bonds into the...

Answered: 1 week ago

Question

★★★★★

D Check out the figure below: 10. Annual rate of per capita GDP growth (%) 4 2 Z " Annual rate of population growth (%) What does the above graph imply about the relationship between income growth...

Answered: 1 week ago

Question

★★★★★

2) years, a rancher received $900 from an investment that earned 3% interest compounding annually. Using the table below, how much did the rancher invest? Express your answer to two (2) decimal...

Answered: 1 week ago

Question

★★★★★

Research your findings on the issues on Environmental Engineering , What types of positions may be included in a modern safety and health team in those area, Certification specifications etc. ( Try...

Answered: 1 week ago

Question

★★★★★

Please help me answer these questions for this scenario: Scenario 1 A researcher investigates whether muscle relaxation training is more effective than drug therapy in reducing hyperactivity....

Answered: 1 week ago

Previous Question Next Question