The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 19, Problem 2IS
Summary Introduction
Case Summary :Person E contracted with another person D to buy a horse on her behalf. E directed D not to disclose her identity. D bought a horse from FS and made the down payment. Later, E did not make rest of the payment. FS sued D for a breach of contract.
To find: The liability of E to pay the damages.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Apollina, a successful model and actress, hires Isaac, an experienced Hollywood agent, to negotiate
her movie deals. Isaac is on a golf course with Eunice, an executive at a Hollywood Studio, and the
two get into a physical fight regarding Apollina's demands. Eunice sues Isaac for damages related to
the fight. Who is responsible for Eunice's damages?
Q Isaac because he was acting as an agent on behalf of Apollina.
O Both Apollina and Isaac because they were both involved.
Apollina, because she sent Isaac.
O Neither Isaac nor Apollina if Eunice was acting as the Hollywood Studio's agent.
O Isaac is responsible for his own lorts.
George develops upper- and middle-income townhouses and condo flats. He hired Pommella as his agent to sell the flat. Pommella is engaged on a fixed-term contract and is paid a predetermined salary plus commission according on the number of flats she sells. George is considering ending the agency relationship with Pomella. Explain to him
THREE (3) options to end the relationship lawfully under agency law.
Vinson had a severe gambling problem. Every night, he stayed awake to the early hours of the
morning picking games and spreads and betting online or calling his bookie. Finally, Vinson's wife,
Bethany, had enough of Vinson's gambling. Bethany entered into a written contract with Hyacinth, a
gambling addiction therapist who agreed to treat Vinson twice a week for six months. The contract
is signed in writing (by the contract parties. Bethany and Hyacinth; and, of course, also by the
patient, Vinson). Vinson then begins his counseling. However, after two months. Bethany sees no
improvement in Vinson's behavior. After all, her debit cards just got declined at the store, and when
she confronted Vinson, he simply stated, "I lost $1,000 on the Miami Marlins last night." Bethany
decides she is going to breach the contract, that is, to stop paying Hyacinth. What would a court
most likely find, if Hyacinth sues Bethany to enforce the contract and make Bethany pay for the
breach?
O UCC Article 2…
Chapter 19 Solutions
The Legal Environment of Business: Text and Cases
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Oliver enters into a written contract with Jinali for the purchase of organic produce. Oliver later learns that none of the produce is organic and that Jinali had used cheap, dangerous pesticides on the produce. How should the contract be characterized? O The contract is voidable. The contract is unenforceable. O The contract is valid. The contract violates the statute of frauds. The contract is void.arrow_forwardZoey and Drew enter into a contract that requires Drew to supply ten paintings per month to Zoey for her to sell in her art store. In March, Drew gives Zoey five paintings. As a result, Zoey has a substantial loss in profits. Zoey can sue Drew and receive reimbursement for the loss of her profits as a. compensatory damages. b. consequential damages. c. punitive damages. d. restitution.arrow_forwardBy holding a knife to his back, Ed compelled Sean to sign a contract advantageous to Ed. This contract was entered under: 8888 false representation. improper threats. physical duress. undue influence.arrow_forward
- Olivia told Tom that Alison was her leasing agent. Based on this representation, Tom signed a 3-year lease with Alison on a building owned by Olivia. Tom spent a considerable sum on special equipment for the property. Olivia now claims that Alison was not her agent because there was no written agency between her and Alison, and denies that she has leased her property to Tom. A court would likely decide that: Group of answer choices Olivia need not lease to Tom because Alison was not appointed in writing. Olivia is estopped from denying the agency. Alison was a dual agent. An agency by ratification exists.arrow_forwardsanjayarrow_forward5 Matthew and Joe were roommates. When they were renting their apartment, each agreed to pay half of the cost of the rent and the cable and electric bills. Two months after moving in, Matthew borrowed Joe's car and was involved in an accident. Matthew promised to pay $2,200 in damages if Joe promised not to file a claim with his insurance company. Joe agreed. However, Matthew never paid him for the damages. He claimed that the agreement was not enforceable because there was no consideration. What is the outcome?arrow_forward
- David hires Nell to auction off his grandmother's house and it's contents. Nell hires an auctioneer, rents a tent, advertises and does everything necessary to conduct a successful auction. When the auction is over, David refuses to pay for the auctioneer and advertisting expenses, claiming he never specifically authorized Nell to incur those expenses on his behalf. In her defense, Nell can claim that David gave her: 1) Apparent Authority. 2) Moral Authority. 3) Implied Authority. 4) Express Authority.arrow_forward19-2. Duty of Loyalty. Peter hites Alice as an agent to sell a picce of property he owns. The price is to be at least $30,000. Alice discovers that the fair market value of Peter's property is actually at least $45.000 and could he higher because a shopping mall is going to be built nearby. Alice forms a real estate partnership with her cousin Carl. Then she prepares for Peter's signature a contract for the sale of the property ro Carl for $32,000. Peter signs the contract. Just before clos- ing and passage of title, Perer learns about the shopping mall and the increased fair aarket value of his property. Peter refuses to deed the property to Carl. Carl claims that Alice, as Peter's agent, solicited a price above that agreed on when agency was crcated and that the contract is therefore bind- ing and enforceable. Discuss fully whether Peter is bound to this contract. (See: Duties, Righs, and Remedies of Agents and Principals.) thearrow_forwardMelani sold a silver-looking laptop case to Bente for $2,500. Both honestly believed that the case was made of 95% platinum and 5% ruthenium. Jossie later learned that the briefcase was made of 100% inexpensive sterling silver with gold plating on the handles and corners. Explain whether Jossie can rescind the contract with Melani.arrow_forward
- State whether the following agreements or contracts are void, voidable valid, and provide a reason for your answer. 1 ) Taylor, aged 17, gets married, and divorces two months later. After getting divorced, she enters into a contract with Michael for the sale of his house. ( 2 ) Jessica, aged 5, enters into a contract with John, aged 11, for the sale of his bicycle. 3 ) Nomsa, aged 16, runs a successful boutique with the consent of her parents, and enters into a contract relating to her business. 4 ) Amy, who is 17, has inherited an apartment in Cape Town from her deceased father. The apartment is valued at R2 million. With her mother’s assistance, Amy enters into an agreement to sell the apartment to her aunt. 5 ) Justin, who is mentally ill, concludes a contract for the sale of his laptop without his curator knowing. (2)arrow_forwardDanny signs a contract to work as a sales rep for PharmaMed Corporation for a period of two years. This contract is governed by: a. Article 2 of the UCC. b. the law of quasi contract. c. state common law. d. federal statutearrow_forwardDave signs a contract with Mac to kill a prominent official but refuses to go ahead with the job after having been paid a substantial sum of money by Mac. Mac can successfully sue Dave for the return of the money. successfully sue Dave to perform the contract. O not enforce the contract in a court. enforce the contract only if he can demonstrate that he was not going to be physically involved in the actual commission of the crime.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education