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Drew is a promoter of a corporation to be known as Dexter Corporation (Dexter). On January 1, 2020, Drew signed a nine- month contract with
Drew is a promoter of a corporation to be known as Dexter Corporation (Dexter). On January 1, 2020, Drew signed a nine- month contract with Wade, a CPA, which provided that Wade would perform certain accounting services for Dexter. Drew did not disclose to Wade that Dexter had not been incorporated. Prior to the incorporation of Dexter on February 1, 2020, Wade rendered accounting services pursuant to the contract. After rendering accounting services for an additional period of six (6) months pursuant to the contract, Wade was discharged without cause by the board of directors of Dexter. In the absence of any agreements to the contrary, who will be liable to Wade for breach of contract? Dexter only > Both Drew and Dexter Neither Drew nor Dexter Drew only Cyrano hired Roxanne to purchase a yacht. Cyrano did not want sellers to know that he was the buyer because he was very rich and he thought that sellers would demand a higher price if they were aware of this. Cyrano instructed Roxanne to inform the sellers that she was acting for an anonymous buyer. Roxanne did not disclose that she was acting on behalf of a principal, and she entered into a contract to purchase a yacht from Richard. Cyrano did not like the yacht that Roxanne selected and refused to pay the purchase price. Richard insisted that Roxanne herself pay the purchase price. If Richard sues Roxanne to enforce the contract against her, what will be the likely outcome? > Richard will win because Roxanne did disclose that she was acting as an agent and not for herself Richard will win because Roxanne did not disclose her principal's identity, Richard will lose because Roxanne was acting as an agent with actual express authority, Richard will lose because Roxanne did disclose that she was acting as an agent and not for herself
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