[Language-Science Kits] the President of Kool Science, Inc

question 54

Multiple Choice

[Language-Science Kits] The president of Kool Science, Inc., which makes educational science kits for children, calls the president of Language Fun, Inc., which makes foreign language learning materials for children. They discuss production of three educational toys which teach both science and foreign language to children. They agree that Kool will work with Language to create and market the three toys, and that they will use Kool's manufacturer to produce the product.
-Does the president of Kool Science have the authority to sign a contract with a supplier on behalf of Language Fun for the language-science kits?

• A) No, unless they have already filed articles of organization with the state.
• B) No, because they first need to file a certificate of authority with the state.
• C) Yes, because members of a joint venture have greater authority as general partners.
• D) Yes, because members of a joint venture have the same authority as general partners.
• E) No, because he is not an agent of Language Fun.

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