James Franklin listed his home with Freda Payne Realty.The listing contract provided that Franklin's home could not be sold for less than $100,000.Freda entered into a contract for Franklin to sell his home for $95,000.Which of the following statements is true?
A) Although Freda did not have actual authority, she had apparent authority and the contract is binding on Franklin.
B) Freda did not have actual or apparent authority to enter into the contract and it is not binding on Franklin.
C) Freda had implied authority to enter into the contract and it is binding on Franklin.
D) The buyer can enforce the contract against Franklin using promissory estoppel.
Correct Answer:
Verified
Q109: Zaney,Inc.operated Zaney's Bar and Grill.An officer of
Q110: Sally Guthfield works for Allied Health,Inc.,a company
Q111: Jay Housel,an employee at Raytheon Aircraft Services,was
Q112: James Schoenberger interviewed for a position with
Q113: Kay of Kay's Realty was representing Tom
Q115: Under Dodd-Frank,a whistleblower can collect:
A)only if the
Q116: Ellen Fishman was hired by Attics,Inc.,a company
Q117: Genesis Testing decided that it needed to
Q118: Rami Essaid worked for a large computer
Q119: Under the Revised Uniform Unincorporated Associations Act,which
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