Gene Stone told the Harders that he was an agent for the Trouplow Corp.and was raising money for a local expansion program.He then proceeded to sell them fifteen $1000 12 percent bonds.In truth,the Trouplow Corp.had never heard of Gene Stone,but they did have 12 percent bonds available for local residents to buy.To recover the $15 000 paid,the Harders should sue
A) both agent and principal on the breach of contract.
B) the Trouplow Corp.on the tort of deceit.
C) Gene Stone for rescission of contract.
D) for criminal prosecution of Gene Stone.
E) Gene Stone for breach of warranty of authority.
Correct Answer:
Verified
Q26: A franchise agreement most likely gives the
Q27: A company that represents,either by words suggestive
Q28: Barney explains to Mrs.Adams that the contract
Q29: Ratification of a contract by a principal
Q30: Although they are similar,agency and franchising have
Q32: A franchisor guarantees that its franchisee will
Q33: An agency agreement comes to an end
Q34: An agency agreement may be express or
Q35: An agent's authority may be terminated on
Q36: Only independent contractors,not employees,can be agents.
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