Monday, May 13, 2019

Agency,innkeepers doctrine,and liquor licensing law Case Study

Agency,innkeepers doctrine,and liquor licensing law - Case Study Example(a) Worf (the threesome party) can non enforce the contract against Picard (the head teacher) because Riker (the federal instrument) acted outside its actual position and against the instructions of the principal. In the given problem, the named principal instructed the doer to negotiate for the wine compendium with a limit of $200,000 but the operatorive role contracted, in violation of the named principals instructions, with the third base party in an amount of not less than $220,000 for the wine. If a principal is disclosed and named, and the agent acts out outside its actual or apparent authority, then only the agent is liable to the third party. Hence, Worf cannot enforce the contract against Picard.(b) No, the answer would still be the same even if the agent had not informed the third party of the name of the principal because the agent acted outside its actual authority and against the instructions of the unnamed principal. In the given problem, the unnamed principal instructed the agent to negotiate for the wine collection with a limit of $200,000 but the agent contracted, in violation of the unnamed principals instructions, with the third party in an amount of not less than $220,000 for the wine. If a principal exists but the name of the principal is not disclosed, and the agent acts out outside its actual or apparent authority, then only the agent is liable to the third party. Hence, Worf cannot enforce the contract against Picard.(c)... In the given problem, the principal instructed the agent to negotiate for the wine collection with a limit of $200,000 but the agent contracted, in violation of the named principals instructions, with the third party in an amount of not less than $220,000 for the wine. Specifically, the principal in the given problem has the following causes of put through (1) for rescission of the agency agreement, (2) refusal to stick out the agent com mission or the flat fee for the agents services, (3) a claim for damages, (4) a cause of action for the recovery of secret commission (the gift of four cases of rare vintage wine accepted by the agent), and (5) felon charges for accepting a secret commission in the form of a gift of four cases of rare vintage wine. Picard, therefore, has several causes of action against Riker. (e) Should the principal in the given problem voluntarily chose to accept the agreement cogitate by his agent and the third party, Picard will be deemed to have ratified the acts of his agent. Under the legal principle of confirmation, where an agent enters into a contract without any authority, the principal can ratify the action or where an agent enters into a contract for an existing principal and in so doing exceeds its authority, the principal can ratify the action. The principals ratification of the agents acts, however, are subject to the following conditions for a valid ratification (1) when contr playacting, the agent must be understandably acting as an agent, not personally, and the third party must be aware that they are acting as an agent (2) the principal must exist when the agent contracts (3) the principal must have the expertness to contract for the object of the

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.