If an agent contracts outside the scope of his or her authority, the principal cannot become liable.
Answer the following statement true (T) or false (F)
False
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Select the term from the list provided that best matches each of the following descriptions. The first is done for you.
What will be an ideal response?
If a buyer does not receive goods by the contract deadline, remedies available include:
a. incidental and consequential damages. b. cover. c. damages for non-delivery. d. All of the above.
Alex is a director of ABC, Inc Alex wants to personally make a major purchase from Bravo Co If it knew of the opportunity, ABC might be also interested in making that same purchase. Alex must:
a. advise the boards of both corporations of his conflict of interest. b. first offer the opportunity to make the purchase to the disinterested directors of ABC or its shareholders. c. resign from the board of directors. d. abandon the idea of making the purchase himself.
Closing costs are always the sole responsibility of the buyer
Indicate whether the statement is true or false