Mark hires Joe's real estate agency to sell his estate,telling Joe he has lost too much money playing the stock market to afford to keep it up.Then Mark wins the three million-dollar lottery! Joe reads this in the newspaper and that afternoon makes a contract with Sharon to sell the estate.Is the contract valid?
A) No,the agency terminated because of the change in conditions.
B) No,the agent has no right to sell without consent.
C) Yes,Mark would have to notify Joe if he wanted to stop the sale.
D) Yes,Joe had apparent authority to sell.
Correct Answer:
Verified
Q64: Carolyn,a cashier at Tops Supermarkets,may cash checks
Q65: An agency will terminate on the occurrence
Q66: All of the following except which one
Q67: Milton owns a business delivering coffee and
Q68: What is an independent contractor? Can an
Q69: Which of the following would NOT be
Q70: Carl loans Dan $1,500 for Dan's honeymoon.Dan
Q71: Robert advances money to John so that
Q73: Mark,who is 16 years old,appoints Joe,age 21,as
Q74: Identify at least six factors a court
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