An Agent with No Express,implied,or Apparent Authority to Do So

question 89

Multiple Choice

An agent with no express,implied,or apparent authority to do so identified himself as an agent for his principal,and on behalf of his principal bought a computer.The principal refused to ratify the contract.On these facts,which of the following is true?

• A)The seller could sue the principal for breach of warranty of authority.
• B)The principal would have to pay for the computer because the agent was an agent for that principal.
• C)The agent could be sued by the seller of the computer for breach of his warranty of authority.
• D)The seller of the computer could sue the agent for breach of contract for saying he was an agent.
• E)A third party cannot sue an agent even under these circumstances.

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Definitions:

Delivery Charge

A fee charged by a seller to cover the cost of delivering goods to a buyer's location.

Valuation Rate

The interest rate or discount rate used in determining the present value of future cash flows or in appraising the value of an asset.

Market Value

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Assessed Valuation

The dollar value assigned to a property for purposes of measuring applicable taxes, determined by a public tax assessor.