Question
Iris represents Drew, an eccentric billionaire who lives alone on a Pacific Island. On May 1 Drew dies, but this is not known until
Iris represents Drew, an eccentric billionaire who lives alone on a Pacific Island. On May 1 Drew dies, but this is not known until June 1. On May 15, Iris entered into a contract with Peggy on behalf of Drew. What is the legal liability, if any, of Iris to Peggy? A. Iris is liable for a breach of actual warranty of authority B. Iris is liable for a breach of implied warranty of authority C. Peggy may enforce the contract since Drew's death was unknown, thus Iris has no liability D. Peggy may enforce the contract against Iris since she represented a nonexistent principal
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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