Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Eddy Smith is the President and CEO of We Are Toys, Inc. We Are Toys manufactures and distributes educational toys for children ages birth to

Eddy Smith is the President and CEO of We Are Toys, Inc. We Are Toys manufactures and distributes educational toys for children ages birth to twelve years. We Are Toys has been trying to break into the mass merchandising market but has so far been unsuccessful in convincing any of the major retailers to carry their toys. One day Boris Badenoff walks into the Personnel Office at We Are Toys and inquires about employment opportunities as a sales representative. He is told that We Are Toys does not currently have any openings. Boris then talks with the toy buyer at Target and convinces Target to carry a line of We Are Toys merchandise. A written contract is prepared and signed by Target. Boris signs as follows: We Are Toys, Inc., by Boris Badenoff, its agent. Boris then has a conversation with Eddy Smith, during which he presents the signed contract and says, Dont you think you ought to hire me? Is We Are Toys liable on the Target Contract? Explain. Does Boris have any liability to Target? Explain.

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_2

Step: 3

blur-text-image_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

Developments In Entrepreneurial Finance And Technology

Authors: David B. Audretsch, Maksim Belitski, Nada Rejeb, Rosa Caiazza

1st Edition

1800884338,1800884346

More Books

Students also viewed these Finance questions