Business, 02.04.2021 20:20 sabree3940
Julius, a collector and seller of Egyptian relics, hired Brutus to act as his sales agent. Julius later discovered that Brutus, along with others was embezzling his funds. Julius confronted Brutus and said "You too Brutus? Then you are fired". Anthony, a customer who had dealt with Brutus as Julius' agent before, was not aware that Brutus had been fired. Brutus came to Anthony, and claiming to be acting as Julius' agent sold Anthony an Egyptian relic, accepting full payment of $100,000 in cash and promising to deliver the relic in two weeks. Brutus then disappeared, and now Anthony is demanding that Julius honor the contract because Brutus was his agent. In this situation:
A. Julius is bound on this contract because Brutus had implied authority.
B. Julius is bound on this contract because Brutus had apparent authority.
C. Julius is bound on this contract because Brutus had express authority.
D. Julius is bound on this contract because Brutus had direct authority.
Answers: 1
Another question on Business
Business, 22.06.2019 09:00
According to this excerpt, a key part of our national security strategy is
Answers: 2
Business, 22.06.2019 11:00
Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative
Answers: 2
Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
Business, 22.06.2019 21:00
Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.
Answers: 1
You know the right answer?
Julius, a collector and seller of Egyptian relics, hired Brutus to act as his sales agent. Julius la...
Questions
History, 05.10.2019 02:30
Mathematics, 05.10.2019 02:30
Mathematics, 05.10.2019 02:30
Mathematics, 05.10.2019 02:30
Chemistry, 05.10.2019 02:30
Mathematics, 05.10.2019 02:30
Mathematics, 05.10.2019 02:30
Chemistry, 05.10.2019 02:30
