Gene Stone Told the Harders That He Was an Agent

question 61

Multiple Choice

Gene Stone told the Harders that he was an agent for the Trouplow Corp.and was raising money for a local expansion program.He then proceeded to sell them fifteen $1000 12 percent bonds.In truth,the Trouplow Corp.had never heard of Gene Stone,but they did have 12 percent bonds available for local residents to buy.To recover the $15 000 paid,the Harders should sue

• A)both agent and principal on the breach of contract.
• B)the Trouplow Corp.on the tort of deceit.
• C)Gene Stone for rescission of contract.
• D)for criminal prosecution of Gene Stone.
• E)Gene Stone for breach of warranty of authority.

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