Joe Helquist and Samantha Gillis were partners in the operation of an office supply business for 32 years. Joe had always handled suppliers and Samantha was responsible for running the store and managing employees. Joe decided to retire and Samantha gave him a fine retirement dinner. Joe had some financial setbacks shortly after retirement when his wife became ill and two of his children decided to go on for their masters' degrees. Joe began ordering supplies from the usual suppliers since they were not aware of his retirement. Joe would intercept the supplies at the loading dock and then sell them on his own. Samantha soon caught the discrepancy in the bills and her inventory and refused to pay the suppliers when she learned of Joe's scheme. Which of the following statements is correct?
A) Samantha is not liable to the suppliers since Joe's authority terminated.
B) Samantha is not liable to the suppliers because Joe's acts constituted fraud.
C) Samantha is liable to the suppliers.
D) None of the above
Correct Answer:
Verified
Q71: Gilda Steinforth is a partner in the
Q72: Jan hires Duncan to act as her
Q73: Haskins is an officer of a real
Q75: In which of the following situations does
Q77: In which of the following situations is
Q78: Alan Freeman and Bill Freeman, brothers, operated
Q79: Principals are liable for the acts of
Q80: The purpose of anti-retaliation statutes is to
Q81: Which of the following terminates apparent authority?
A)Firing
Q100: Firing an agent terminates:
A)express authority.
B)implied authority.
C)apparent authority.
D)a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents