Asked by
Thomas Schwappach
on Nov 28, 2024
Verified
Ruby, an agent for Shipping Company, leases a warehouse from Transit Facilities Inc. without stating that she is acting on Shipping Company's behalf. Liability for nonpayment of rent under the lease may be imposed on
A) none of the choices.
B) Ruby and Shipping Company.
C) Ruby only.
D) Shipping Company only.
Nonpayment
The failure to fulfill a financial obligation or to settle a debt within the stipulated time.
- Analyze the legal effects of non-disclosure or partial disclosure of agency relationships in contracts.
- Scrutinize the liability ramifications for agents, principals, and third parties in several situations.
Verified Answer
EP
Learning Objectives
- Analyze the legal effects of non-disclosure or partial disclosure of agency relationships in contracts.
- Scrutinize the liability ramifications for agents, principals, and third parties in several situations.
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