Tom,owner of the Rico Apartment Complex,appoints Alice as "General Manager" of the Rico Apartment Complex.Alice enters into several contracts in Tom's name: (1)maintenance agreement with Alpha Enterprises; (2)purchase of cable TV service from Star Ethics for Rico;
(3)purchase of a new Corvette for Alice to drive while on Rico business.Discuss which of these contracts bind Tom?

Question

Quizplus · Accepted Answer

The Answer of Tom,owner of the Rico Apartment Complex,appoints Alice as "General Manager" of the Rico Apartment Complex.Alice enters into several contracts in Tom's name: (1)maintenance agreement with Alpha Enterprises; (2)purchase of cable TV service from Star Ethics for Rico;
(3)purchase of a new Corvette for Alice to drive while on Rico business.Discuss which of these contracts bind Tom?