In the process of assembling land for Ace Construction Ltd. to build a supermarket, Joe entered into a contract with the seller Sam. In which of the following situations would Sam be able to sue the principal Ace?
A) Where Joe was acting outside his authority and did not disclose that he was acting for the Ace. Sam was aware of Joe acting independently at the time he entered into the contract.
B) Where Joe exceeded his actual authority but where Ace had led Sam to believe Joe had the authority.
C) Where Joe disclosed that he was acting for Ace but made the contract "subject to ratification."
D) Where Joe exceeded his apparent and actual authority.
E) Where Joe revealed that he was acting as an agent, but did not disclose that he was acting for Ace in particular, and exceeded both his apparent and real authority. Ace did not ratify the contract.
Correct Answer:
Verified
Q10: Which one of the following statements is
Q11: An agency relationship can be created by:
A)
Q12: Which of the following statements is true
Q13: Which of the following is true with
Q14: If an agent breaches his duty to
Q16: Which of the following is correct with
Q17: Identify the true statement concerning the law
Q18: With respect to the formation of agency
Q19: Which of the following is a violation
Q20: Which of the following is an example
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