In Yim V J's Fashion Accessories, Inc

question 363

Multiple Choice

In Yim v. J's Fashion Accessories, Inc., where J's Fashion sued Yim for failing to pay for goods he bought under the name Ho Tae and Yim denied liability on the grounds that he had been acting as an agent for Hosung Enterprise, Inc which also did business under the name Ho Tae, the courts held that:

• A) Yim was not liable because he was an agent of Hosung Enterprise, Inc.
• B) Yim was not liable, even though he was an agent of Hosung Enterprise, Inc.
• C) Yim was liable because he never disclosed Hosung Enterprise, Inc. as the principal
• D) Yim was not liable because he had apparent authority
• E) Yim was liable because he disclosed Hosung Enterprise, Inc. as the principal

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Definitions:

Restatements of the Law

A set of treatises published by the American Law Institute, articulating the principals of common law in the United States.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a uniform legal framework for international commerce.

Conforming Goods

Products that meet the specifications and standards outlined in a contract of sale.

Perfect Tender Rule

A principle in the Uniform Commercial Code requiring goods delivered under a sales contract to exactly meet the terms of the agreement.