Solved

Mckinley,as an Agent,entered into a Contract with Kazumi on Behalf

Question 28

Multiple Choice

Mckinley,as an agent,entered into a contract with Kazumi on behalf of Adley,but without having obtained Adley's authority.Which of the following statements is true in this situation?


A) Adley,the principal,is not bound nor is the agent Mckinley bound by the contract.
B) Adley,the principal,is bound,and the agent Mckinley may be personally liable.
C) Adley,the principal,is not bound,but the agent Mckinley may personally liable.
D) Neither Adley,the principal,nor the agent Mckinley is bound if the contract is oral; but if the contract is written,both Adley and Mckinley are bound.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents