Based on Esteban's Conduct, Floyd Reasonably Believes That Glynis Has

question 38

Multiple Choice

Based on Esteban's conduct, Floyd reasonably believes that Glynis has the authority to act on Esteban's behalf even though Glynis does not have the actual authority to do so. Floyd makes a payment to Glynis for Esteban. Glynis keeps the money and disappears. Esteban​

• A) ​can demand that Floyd make a repayment directly to Esteban.
• B) ​can obtain damages from Floyd for Glynis's misconduct.
• C) ​may be estopped from denying that Glynis had authority.
• D) ​must repudiate Glynis's misconduct to avoid liability.

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Definitions:

General Partners

Individuals in a partnership who are fully involved in its operations and have unlimited liability for its debts and obligations.

Limited Partnership

A business structure where one or more general partners manage the business and are personally liable for business debts, while one or more limited partners contribute capital and have limited liabilities to the extent of their investment.

Sole Proprietor

A business owned and managed by one individual where there is no legal distinction between the owner and the business entity.

Creditor

An individual or entity to whom money or its equivalent is owed by another individual or entity, known as the debtor.