QuickHelper

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About QuickHelper

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Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 357 Weeks Ago
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Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 28 May 2017 My Price 7.00

Is Crash liable for any of these contracts?

Question description

 

 

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

QuickHelper
(10)
Status NEW Posted 28 May 2017 03:05 PM My Price 7.00

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