Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marco was a furniture buyer for Macy's department stores. Marco was authorized to enter into contracts worth up to $50,000. Marco entered into a contract

Marco was a furniture buyer for Macy's department stores. Marco was authorized to enter into contracts worth up to $50,000. Marco entered into a contract with Frank's Furniture to purchase $100,000 worth of dining room furniture. If Macy's refuses to honor the contract and Frank's Furniture sues, Group of answer choices Macy's will win, as Marco exceeded his authorized limit. Macy's will win since it never ratified the contract. Frank's Furniture will win, as Marco had implied and/or apparent authority. Frank's Furniture will win, as Marco had express authority

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

Introduction to Law and the Legal System

Authors: Frank August Schubert

10th Edition

049589933X, 978-0495899334

More Books

Students also viewed these Law questions