Class Participation March 2.doc - FIL 375/Hosack Spring...

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FIL 375/Hosack Spring 2021 Class Participation March 2nd 1. Mary was hired to manage the Cactus Cart, a tiny kiosk located in Sky Harbor Airport in Phoenix. No specific duties were listed, but the business owner who hired Mary told her, “Just sell the plants and deposit the money.” Mary would have the implied authority to: a. take checks as payment b. change the business name c. sell the kiosk d. all of the above
2. Bob Adams is President of Realty, Inc. Bob purchases real estate from Jane Doe on behalf of Realty, Inc., and signs the contract for purchase as follows: Realty, Inc., by Bob Adams, President. Bob had authority from the Board of Directors of the corporation to purchase the real estate. a. What kind of principal is Realty, Inc.? b. Is Realty, Inc. liable on the contract to Jane Doe? c. Is Bob Adams liable on the contract to Jane Doe? 3. Jan hires David to act as her agent in acquiring some property for the development of a new subdivision she is planning that will be an elegant planned community. Jan instructs David that he may indicate to third parties that he is working on behalf of a

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