Agency - Duy L Ton-That BUL 5332 Agency 1 A Correct Since...

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Duy L. Ton-That BUL 5332 Agency. 1. A. Correct. Since Borg is the vice president and Shady did not know about the limitation of Borg’s authority, Borg has apparent authority. B. Wrong. As stated in A, Borg has apparent authority. C. Wrong. BS D. Wrong. Since Borg acts as an agent for a full disclosed principal, Crater can ratify if they want. 2. A. Wrong. There is nothing illegal or fraudulent in being an undisclosed P. B. Wrong. Since there is an undisclosed P and Argus has actual authority, he is liable on the contract. C. Wrong. Peter C. can not ratify the contract since they are an undisclosed P. D. Correct. Both A and P are liable to this contract. 3. A. Correct. Just like question 2, both A and P are liable to this contract. B. Wrong. 3 rd party is bound to the P. C. Wrong. Undisclosed P can not ratify contract. D. Wrong. If P is undisclosed, A is liable even after P’s identify is known. 4. A. Wrong. Since Electronics Warehouse does not control Statewide Financial’s acts, they are not liable for negligence.
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