Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jack told Jill that he was acting for a principal who did not want their name to be disclosed, and that he had authority to

"Jack told Jill that he was acting for a principal who did not want their name to be disclosed, and that he had authority to enter into contracts on behalf of this principal up to $500,000. After negotiating, Jack, supposedly as an agent, and Jill entered into a contract for $250,000. In fact, Jack was not an agent and there was no principal. Jack has now refused to complete the deal. Which is true?
A. Jill can sue Jack for breach of contract.
B. Jill cannot sue Jack for breach of contract, but can sue Jack in tort.
C. Jack is not bound by the contract because of a lack of privity.
D. The contract is void because of a lack of capacity.

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

Step: 3

blur-text-image

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

Personal Finance

Authors: Jane King, Mary Carey

2nd Edition

0198748779, 9780198748779

More Books

Students also viewed these Finance questions

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago