In Town Center Shopping Center v.Premier Mortgage,where Town Center rented space to a lending company despite the fact that the local manager who signed the lease did not have authority to bind the company to the lease,and the company sued to get out of the lease.The appeals court held that:
A) the company was not obligated to the lease because real estate deals must be in writing with the principal of the company agreeing to the lease
B) the company was not obligated to the lease because its employee did not have authority to sign a lease;Town Center should have known to get approval from the parent company
C) the company was obligated on the lease as its employee had apparent authority
D) the company was not obligated on the lease,but its employee was obligated,since she exceeded her authority,so she was personally liable to Town Center
E) all of the other choices have equal standing
Correct Answer:
Verified
Q223: The law of agency places its primary
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A) the principal creates
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Q229: _ consists of oral or written instructions
Q231: Lyle is Thelma's agent. Thelma has made
Q232: Implied authority consists of:
A) the power of
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