Smith,an agent,buys and sells used computer equipment on behalf of New Life Technologies,Inc.In the absence of an agreement,which of the following tasks may Smith delegate to Elizabeth?

Question

Quizplus · Accepted Answer

In the absence of an agreement, Smith cannot delegate his authority to buy and sell used computer equipment or to fix selling prices. However, it is reasonable for Smith to delegate the task of keeping a record of transactions he undertakes on behalf of New Life Technologies, Inc. to Elizabeth. Smith may also delegate the authority to estimate the fair market value of used computer equipment to Elizabeth, but only if it is within the scope of his agency agreement with New Life Technologies, Inc.

Smith,an Agent,buys and Sells Used Computer Equipment on Behalf of New