Read each of the following separately. In which one of the following cases would the corporation not be bound by the contract made?
A) Contrary to company policy, Gore, the purchasing agent for the corporation, contracted for supplies by using the green form instead of using the blue form.
B) A salesperson working for a corporation operating a car dealership sold a car and took a trade-in without first getting approval of the manager as required in his employment contract.
C) Brian, a purchasing agent for the corporation for ten years, was fired for just cause. The next day, he visited suppliers as usual and contracted for the corporation as usual. They had not been told that he had been fired.
D) Jones, without the knowledge or authorization of Corporation A, approached one of their suppliers claiming to be an employee of Corporation A. He selected several valuable watches and took them with him, putting the bill on Corporation A's account. No one in Corporation A had ever heard of Jones before.
E) Kim, an agent for a small closely held corporation which sold Canadian art, had authority to purchase some photographs of Clayoquot Sound, but instead she bought several oil paintings of the sea. When they were sent to the store, they were sold immediately.
Correct Answer:
Verified
Q43: A corporation is a fiction that does
Q49: Andrea agreed to form a corporation with
Q50: Punam was the director of a broadly
Q51: Consider the decision in Agrium Inc. v.
Q52: A securities commission is
A) an authorization to
Q53: Mr. Malik, an investment counsellor by training,
Q55: Ethan got together with a number of
Q56: Lee, a former head of a venture
Q58: A person who participates in the initial
Q59: When lending money to a closely held
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