Sarah is an agent of company (IMP), and she signed a contract on behalf of company (IMP), but in her own name, with company (EXP), for the import of 80 tons of sugar for 100,000 AED. After delivery of the sugar, Company (IMP) only paid 80,000 AED of the total price. Explain from whom company (EXP) can claim the remaining price. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).

Sarah is an agent of company (IMP), and she signed a contract on behalf of company (IMP), but in her own name, with company (EXP), for the import of 80 tons of sugar for 100,000 AED. After delivery of the sugar, Company (IMP) only paid 80,000 AED of the total price. Explain from whom company (EXP) can claim the remaining price. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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