Joe Is in the Process of Assembling Land for Ace

question 129

Essay

Joe is in the process of assembling land for Ace Contractors Ltd. to build a supermarket. He entered into a contract with the seller, Sam. He did not disclose that he was acting for someone else when he entered into the contract. Explain Sam's rights when the contract is breached and he learns that Joe was acting for Ace.

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Definitions:

Organizational Buyers

Entities that purchase products or services for use in the production of other goods and services, for resale, or for the organization's operations.

Distributors

Entities or individuals responsible for delivering a company's products from the manufacturer to the ultimate consumer or retailer.

Consumer Markets

Markets that consist of individuals and households that purchase goods and services for personal consumption.

Business-To-Business Markets

Markets where transactions are conducted between companies, rather than between companies and individual consumers.