Jack, as a disclosed agent for Mike, purchases two tons of wheat on credit from Bryan. According to the agency contract, Jack is entitled to make such purchases under Mike's name. However, Mike refuses to make payment. Which of the following is true??
A) Jack can make part-payment and thereby complete the sale
B) Bryan can sue Mike for damages.
C) Jack can refuse payment to Bryan on the basis of an unauthorized sale.
D) Mike can sue Jack for wrongful purchase and terminate the contract.
B
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Dusty delivered his car to Gage's Garage for some routine repairs and at the time of delivery, was advised that the car would be ready in two days. That night, Dusty's car was stolen from the garage and was never recovered
If Dusty takes legal action against Gage in order to recover the value of the car, what will be the legal position? A) Dusty will not be able to recover the value of the car from Gage as he will be deemed to have assumed the risk of its loss. B) The garage operators will be deemed to have absolute liability for all goods lost in their possession. C) Dusty will have to prove that the garage operators were involved in the theft. D) Gage will not be found liable if it can show that it took reasonable measures to safeguard the car. E) The court will impose a very high standard of care on Gage which must show that it took every precaution to safeguard the car.
Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in annual fixed costs. Of the fixed costs, $90,000 cannot be avoided. The annual financial advantage (disadvantage) for the company of eliminating this department would be:
A. ($80,000) B. $80,000 C. $10,000 D. ($10,000)
Space-it-out Design Inc. launches a new range of furniture. The marketing head, Sana, wants to change the advertising strategy from persuasive to informational. Which of the following components is she most likely to remove from the existing advertisement?
A. performance B. price C. availability D. attractiveness E. comfort
Which of the following is true of advertising equivalency value (AEV)?
a. It is not truly a return on investment measure so much as it is a measure of effective resource utilization. b. To calculate advertising equivalency, the cost to purchase a display ad on a site would be used to assign a dollar value to the impressions achieved socially. c. The return on earned media model uses AEV to equate publicity in news media outlets to its paid advertising equivalent. d. A & B only. e. All of these.