Homework Answers
1) Solution: The agent is released from liability to third party
Explanation: In a transaction where there is undisclosed principal and the third party obtains a judgment against principal then the agent would be discharged from liability
2) Solution: The law will likely hold the agent liable for the agreement
Explanation: It is most likely that the court would held the agent liable for the agreement when the agent is acting within the authority on a contract which involves an undisclosed principle
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QUESTION 14 If a third party comes to know of an undisclosed principal's identity and obtains...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date...
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SCENARIO: George Flynt and Stan Hefner were the only two members of Sunshine Landscaping, LLC, a...
SCENARIO:
George Flynt and Stan Hefner were the only two members of
Sunshine Landscaping, LLC, a limited liability company organized
for the purpose of providing lawn care and landscaping services.
Stan regularly took care of all the finances for the company, and
George regularly performed the work for clients, though neither had
specific duties. George met with clients, quoted them fees,
obtained all the tools and products necessary to perform the job,
and completed the service for the client. Stan...
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Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date I. A is a specific form of express authority, usually in writing, granting an agent specific powers. 2. A grants the agent express authority over specifically outlined acts. allows 3. A the agent to conduct all business for the principal. 4. (True/False) Powers of attorney always terminate on the principal's death. 5. The principal must be classified as either: 6. This term is given...
d. Neither Wanamaker nor Anderson is liable on the contract since the seller was obli. pated to ascertain Anderson's authority. has the right to regain possession of tomobile and to collect damages. Brian may sue and collect from either Rob- Inson or Ambrose Il Amorost must pay in damages, he will be entitled to Indemnification from Robin son. Ambron notllable for the wrongful Teposion of the wtomobile since he was obeying the direct order of Robinson 22. Under which of...
SCENARIO:
George Flynt and Stan Hefner were the only two members of
Sunshine Landscaping, LLC, a limited liability company organized
for the purpose of providing lawn care and landscaping services.
Stan regularly took care of all the finances for the company, and
George regularly performed the work for clients, though neither had
specific duties. George met with clients, quoted them fees,
obtained all the tools and products necessary to perform the job,
and completed the service for the client. Stan...
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