Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Case Analysis: Chantal held herself out as a principal while negotiating the purchase of a large stock of cosmetics and perfume from Radiance, a retailer

Case Analysis: Chantal held herself out as a principal while negotiating the purchase of a large stock of cosmetics and perfume from Radiance, a retailer that had run into financial difficulty. In fact Chantal was making the purchase on behalf of her employer, Salon Inc. Radiance was unaware that Chantal was employed by its competitor Salon Inc. however; Chantal gave the Salon Inc address as the delivery address. Upon delivery, Salon Inc. changed its mind about buying the goods and refused to pay and rejected the goods. Required: i) Define the word Apparent authority and from the mini-case above determine whether apparent authority was relevant or not with adequate motivation. ii) Briefly explain the concept undisclosed Principal as it relate to Agency contract. Explain the three possibilities in the case of undisclosed principals and who the third party can sue in the case of a breach in each case. Finally indicate which of the possibilities is applicable in the mini-case above.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

International Finance

Authors: Keith Pilbeam

3rd Edition

1403948372, 978-1403948373

More Books

Students also viewed these Finance questions

Question

Plot the graphs of the given function. y = 0.25 x

Answered: 1 week ago

Question

1. Who is your target audience? (everyone cannot be an answer here)

Answered: 1 week ago

Question

What problems have created the client's needs?

Answered: 1 week ago

Question

create simple design pieces exhibiting visual and rhetorical focus.

Answered: 1 week ago