Dale Falsely Tells Glenna That He Is a Partner in Huntsman

question 28

True/False

Dale falsely tells Glenna that he is a partner in Huntsman Appraisers.Glenna casually repeats this information to Kash,who sells office equipment on credit to Huntsman in reliance on the statement.Kash cannot hold Dale liable because he was not justified in relying on the representation made privately by Dale to Glenna,which Dale did not consent to have repeated.

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Definitions:

London Noon

Refers to the time in London when certain financial rates, like the gold fixing, are traditionally set, influencing various economic sectors globally.

Gold Spot Price

The current market price at which gold can be bought or sold for immediate delivery.

Defect Of Title

A legal issue with the ownership rights of property or real estate, making the transfer of a clear title to the property problematic.

Holder In Due Course

A legal term referring to a person who has received a negotiable instrument in good faith and for value, and thus has certain protections against defenses and prior claims to the instrument.