Iris represents Drew, an eccentric billionaire who lives alone on a Pacific Island. On May 1...
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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 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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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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