Isaac Holds One Ton of Perishable Fruit in Storage for Juice

question 38

Multiple Choice

Isaac holds one ton of perishable fruit in storage for Juice Smoothies Corporation.Juice Smoothies does not pay for the storage.Isaac sells the fruit to Kayo Beverage Company.This sale represents​

• A)a breach of contract.
• B)a mitigation of damages.
• C)liquidated damages.
• D)restitution.

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Definitions:

Principal's Instructions

Guidelines or orders given by a principal to an agent detailing how to perform specific tasks or duties.

Agent's Authority

The scope of power given to an agent to act on behalf of a principal in legal or business matters.

Best for Principal

A standard or principle requiring actions or decisions to be made in the best interest of the principal or the party represented.

Agency Relationship

A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business dealings.