Puporting to Act on Behalf of Otton Mining Inc,Gaetan Signed

question 39

Multiple Choice

Puporting to act on behalf of Otton Mining Inc,Gaetan signed a contract to purchase some mining claims from Boucher.Boucher believes it is contracting with Otton.In fact,Gaetan had no authority from Otton to contract on its behalf.He had never discussed buying the claims with Otton,but he thought that Otton would be interested in the claims and would pay him a commission for arranging for Otton to buy them.Which of the following is TRUE?

• A)The contract can never be binding on Otton since it was negotiated without any authority from Otton.
• B)The contract will be binding on Otton if Otton ratifies the contract either expressly or impliedly.
• C)The contract is only binding on Gaetan personally and there is no way for Otton to be bound by this contract even if Otton wants this contract.
• D)The contract is binding on Gaetan personally and he can only avoid liability if Otton ratifies the contract.
• E)The contract is binding on Otton and Gaetan.

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Definitions:

Hyperbola

A type of smooth curve lying in a plane, formed by the intersection of a double cone with a plane in such a way that both halves of the curve are mirror images of each other.

Graph

The visual representation of data or functions on a coordinate system, showing relationships between variables.

Standard Form

A way of writing numbers using digits, or a specific way to write equations, such as Ax + By = C for lines.

Hyperbola

A type of smooth curve lying in a plane, defined as the locus of points such that the difference between the distances from two fixed points (foci) is constant.