For Several Years,Jelena Worked as an Agent for Vladimir,a Hockey

question 7

Multiple Choice

For several years,Jelena worked as an agent for Vladimir,a hockey player for the St Catharines Blackhawks.Jelena regularly negotiated Vladimir's contracts and agreed to them on his behalf.In August 2009,Vladimir terminated the agency.He had decided that he could negotiate his own contracts.He neglected to tell Jelena or the Blackhawks.In September 2009,Jelena signed a contract on his behalf with the Blackhawks for the 2009-2010 season.Which of the following is TRUE?

• A)The contract is not enforceable by the Blackhawks because Jelena's authority had been terminated.
• B)The contract is enforceable because,in the absence of notice to the Blackhawks that Jelena's authority had been terminated,she continued to have apparent authority to act for Vladimir.
• C)The contract is enforceable so long as Jelena negotiated a fair deal for Vladimir.
• D)The contract is not enforceable because Jelena was no longer acting in the best interests of Vladimir by negotiating the contract after she was terminated as an agent.
• E)The contract is not enforceable as Jelena was committing fraud by acting without authority,even if her termination had not been communicated to her.

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Definitions:

Fraud

Willful misrepresentation aimed at obtaining an illicit or unearned gain, or to strip someone of their rightful legal privileges.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Defenses

Legal strategies and arguments used in court to justify or excuse an individual's actions or to challenge the validity of a lawsuit.

Securities Act

A federal piece of legislation enacted in 1933 that regulates the offer and sale of securities to protect investors from fraud.