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undefined Faithful Agents, Inc., an agent for a sports star, Joe Jones, promised to deliver Jones as a guest at the ABC Basketball Camp July
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Faithful Agents, Inc., an agent for a sports star, Joe Jones, promised to deliver Jones as a guest at the ABC Basketball Camp July 15 at Siwash College. A contract was signed by Joe Jones and ABC for this appearance, but Faithful Agents did not execute the agreement. Jones failed to appear on July 15 and filed bankruptcy because of the dishonesty of his agent. ABC sued Faithful Agents, Inc. for damages because of the failure of Jones to appear, alleging breach of contract. Which of the following statements is true? C) Agents are always personally responsible for contracts entered into between a disclosed principal and a third party. D) Agents are liable to third parties for all the contract breaches of their principals. A) A disclosed principal who executes a contract negotiated by its agent with a third party cannot be sued by the third party. B) Unless an agent adds to or guarantees the performance of the principal by his or her promises, an agent is never liable in contract for the principal's breachStep by Step Solution
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