Martinakom

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Teaching Since: Jul 2017
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Category > Business & Finance Posted 18 Aug 2017 My Price 9.00

The Principal's Liability

The Principal’s Liability on the Contract (must be at least 1000 word and no plagiarism)

Crash agrees to have Steve represent him in various transactions as an agent to secure him performance contracts and endorsement deals.

Crash writes a letter to Bob that Steve is his agent. Unbeknownst to Bob, Crash specifically instructed Steve to only make endorsement deals with Bob. However, Steve signs a contract for Crash to attend a birthday party performance.

In all other cases, Steve has express authority to enter into any contract on behalf of Crash. So Steve makes a contract with Jimmy for a performance at a bar. Jimmy knows Steve is an agent, but he doesn’t know who Steve is an agent for.

Finally, Steve makes an endorsement contract with Fred.

Fred has no idea whether Steve is representing anyone.

  • Is Crash liable for any of these contracts?
  • Is Steve liable for any of these contracts?

Answers

Martinakom
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Status NEW Posted 18 Aug 2017 07:08 AM My Price 9.00

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