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Hugh's Hot Dogs Is in Need of Push Carts for Their

Question 44

Essay

Hugh's Hot Dogs is in need of push carts for their recent marketing push to local lunch time workers. In efforts to acquire additional equipment, Hugh's CEO seeks out new suppliers. The store requests a lease agreement be signed by Hugh's. The CEO sends the CFO to sign the agreement on his behalf. Hugh's in-house counsel has examined the agreement. Must the CFO sign the lease agreement? Will Hugh's be bound to the agreement although the CEO did not sign it?

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Yes, a lease must be in writing if the t...

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