Question
Margaux is an art dealer that specializes in 17th century French Art.Margaux hired Jacques as an agent to help locate and purchase Baroque painting.Jacques was
Margaux is an art dealer that specializes in 17th century French Art.Margaux hired Jacques as an agent to help locate and purchase Baroque painting.Jacques was given the authority to purchase baroque paintings with a maximum of $15,000 per piece. Jacques bought aCaravaggio style painting for $17,000 from Adel. Margaux was shocked when she saw the cost of the painting, and she fired Jacques. Not having a better idea of what to do with the painting, she put it on display in the shop with a $18,000 price tag. When the best offer she got for the painting of a desk was $14,500, Margaux returned the desk to Adel. Margaux told Adel that Jacques had exceeded his authority in purchasing thepainting ofthedesk, and she demanded that Adel refund the $17,000 that Jacques had paid for the painting.Does Adel have to refund the money for the painting because Jacques exceeded his authority?Do you think that is fair?
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