Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JAY Ltd owner negotiated the possible sale of the broken road grader with Caymen for RM$25, 000. JAY Ltd authorized Caymen only to obtain three

JAY Ltd owner negotiated the possible sale of the broken road grader with Caymen for RM$25, 000. JAY Ltd authorized Caymen only to obtain three bids to have the engine repair work done (so that JAY Ltd could then decide whether the repair was affordable). Instead, Caymen represented to LETs DO IT REPAIR that he had authority from JAY Ltd to carry-out the repair works, as long as the cost of the repair did not exceed RM$8000. Caymen did not get any other bids and ordered the work to be done by LETs DO ITREPAIR . LETs DO IT REPAIR did the work for RM$11, 000, released the road grader to Caymen, but yet to be paid. Caymen is insolvent. With this information identify the party[s] liable for the repair bill. Advise accordingly.

Support your assignment with reliable and credible evidence and literature such as academic books, journal articles, newspaper articles, and material from the internet.

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_2

Step: 3

blur-text-image_step3

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

More Books

Students also viewed these Accounting questions