Busines Law

Robert Strickland Applied Business Law - 29 Instructor:  Brian McRae unit 5 Part one work assignment You disembowel a victorious paper mill and send away your three outgo personnel to secure new timberland pulp sources victimization due diligence and skill. temptress, does not regaining with wood pulp, nevertheless brings back three nail downs. snatching within the scope of her authority, she promise with Evon, who knew your individualism at the specify; Felipe, who knew that Delilah was performing on behalf of someone but not whom; and Giorgio, who did not know that Delilah was acting on any(prenominal)ones behalf. For which dilutes, if any, ar you liable? inside the scope of the law for this position scenario, Delilah and I dedicate an representation relationship. In an agency relationship between 2 parties, one of the parties, called the agent, keeps to represent or act for the other, called the jumper lead (Miller, Hallowell, 2011). In this case, I am the tether and Delilah is my agent. Meaning, we both agree that she will act on behalf and instead of me in negotiating and transacting disdain with terce parties. It states that any agent is also empowered to coiffe legal acts that are binding on the brain and seat bind a lead-in in a contract with a third person.

Determining the liability for these contracts made by the agent is found on whether or not the identity of the principal was cognize to the third fellowship at the time the contract was made. A disclosed principal is a principal whose identity is cognise by the third company at the time the contract is made by the agent. A partly! disclosed principal is a principal whose identity is not known by the third party, but the third party knows that the agent is or may be acting for a principal at the time the contract is made. An undisclosed principal is a principal whose identity is totally unknown by the third party and the third party has no cognition that the agent is acting in an agency capacity at the time... Reference scallywag (Miller, Hallowell, 2011...If you want to get a full essay, lay it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay