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Unformatted text preview: 1- The general manager of larger apartment complex’’agency’’ IssueDo the tenant have to pay the rent to the owner again? Rule an gent has a parent authority when the principle by either word or action causes a third party to believe that the agent has authority to act Applicationunder the apparent of authority estoppels the owner the principal makes to believe the tenants third part that the general manger third party had scope of authority to collect the rent. The owner can sue the general manager for abusive of authority. If 3rd party changes legal position by relying on Principal’s representations, Principal is estopped from denying Agent had authority to contract.Conclusionin this case the owner must seek action against the general manager because he notified him not to accept any monthly rental payment.2- Sally and tom decide to go into business ‘’eBay’’’’partership’’Issue what are the partner’s right with respect to the management of the firm? Is the partnership bound to the contract with united? Do the partners split the first year’s profits? If so, how much is each entitled to?Rule The partners' rights with respect to the management of the partnership business and the profits of the firm are a split of each equally. The partnership is bound to the contract with United. Because the agreement is silent on the subject of the firm's management, each partner has an equal right to manage the business. For the same reason, each partner has a right to an equal share of the profits, even though their capital contributions were not equal....
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This note was uploaded on 12/03/2011 for the course HIST 101 taught by Professor M during the Spring '11 term at NJIT.
- Spring '11