Albert is friends with Robert,the president of A.Co.When Albert hears about a lucrative deal with Y Co.that would benefit A Co.,he immediately enters into a contract with Y Co.,telling Y Co.that he is A Co.'s agent.When Albert tells Robert what he has done,Robert telephones Y.Co.and confirms the contract.In this case,as between A Co.and Y Co.
A) there is no contract because Albert is an independent contractor.
B) there is a contract because Robert ratified it on behalf of A Co.
C) there is no contract because Albert had no authority to enter into it for A Co.
D) there is a contract because Y Co.ratified it.
E) Y Co.is estopped from arguing that there is no contract.
Correct Answer:
Verified
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