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CONTRACTUAL AGENCY Joe, in his capacity as an agent for Silvio, is authorised to purchase cattle at a limit of $200 each. Joe could not

CONTRACTUAL AGENCY

Joe, in his capacity as an agent for Silvio, is authorised to purchase cattle at a limit of $200 each.

Joe could not purchase the cattle at this price so he purchased in his own name, 400 cattle at $300 each. Subsequently Silvio conferred with Joe and agreed to ratify his act. Neither Joe nor Silvio will pay for the cattle when delivered. Who is liable?

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