Which of the Following Is True Regarding Whether Susie Is

question 20

Multiple Choice

Which of the following is true regarding whether Susie is personally bound on the contract with Gwen?

• A) Susie is not personally bound because she was acting on behalf of Bobby.
• B) Susie is personally bound unless she can establish that Gwen would not have sold her the book if she had known that Bobby was involved.
• C) Susie is personally bound unless she can establish that Bobby has the funds with which to pay Gwen.
• D) Susie is not personally bound unless Bobby is legally insolvent.
• E) Susie is personally bound.

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Definitions:

Import Tariffs

Taxes imposed by a government on goods and services imported from other countries, affecting their price and availability.

Consumers

Individuals or entities that purchase goods and services for personal use.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers among the three countries.

Trade Agreement

A formal accord between two or more nations that determines the rules of trade, including tariffs and duties, between them.