Jack, as a Disclosed Agent for Mike, Purchases Two Tons

question 14

Multiple Choice

Jack, as a disclosed agent for Mike, purchases two tons of wheat on credit from Bryan. According to the agency contract, Jack is entitled to make such purchases under Mike's name. However, Mike refuses to make payment. Which of the following is true? ​

• A)Jack can make part-payment and thereby complete the sale.
• B)Bryan can sue Mike for damages.
• C)Jack can refuse payment to Bryan on the basis of an unauthorized sale.
• D)Mike can sue Jack for wrongful purchase and terminate the contract.

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Definitions:

Environmental Factors

External elements that can influence an organization’s operation, such as economic, social, technological, and political conditions.

Interpersonal Factors

Elements relating to interactions between individuals, affecting relationships and communication in personal and professional settings.

Consumer Behavior

The examination of how single persons, groups, or entities choose, obtain, utilize, and discard goods, services, experiences, or concepts to meet their requirements, and how these activities affect both the consumer and the wider community.

Long-term Relationships

Connections or partnerships developed over an extended period, characterized by mutual trust, loyalty, and ongoing commitment.