Penny,acting as an Agent for Felipe,enters into a Contract with Tanya,but

question 10

Multiple Choice

Penny,acting as an agent for Felipe,enters into a contract with Tanya,but Tanya knows that Penny does not have authority to enter into contracts on Felipe's behalf.Is Penny liable for making an unauthorized contract?

• A)No,because Penny lacks implied authority to enter into the contract.
• B)No,because the third party knows the agent lacks authority.
• C)No,because the agent lacks express authority to enter into the contract.
• D)Yes,because Penny entered into the contract while acting as an agent.

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Definitions:

Food Production

The process of cultivating plants and raising animals for the purpose of creating consumable food products.

Global Commercial Fish

Species of fish harvested for commercial purposes on a global scale, crucial for food supply but subject to overfishing concerns.