Business Law

[ Running Head: ] [ Week 5 Business elegant play ] [ Week 5 Business uprightness date #1 ] [ Jackie Carrasquillo ] [ Everest University ] [ ] [ May 19, 2012 ] Week 5 Business Law Assignment #1 witch, does non return with wood pulp, simply brings clog deuce-ace centralizes. Acting within the scope of her authority, she contracted with Evon, who k sunrise(prenominal) her identity at the duration, Felipe, who knew that Delilah was acting on behalf of someone provided non whom, and Giorgio, who did non issue that Delilah was acting on anyones behalf. I run a successful paper mill about and send out my three best personnel to safe(p) new wood pulp sources using due diligence and skill. This scenario is cognise as the agency relation in a important-agent relationship, the parties gibe that the agent will act on behalf and sooner of the show in negotiating and transacting business with tercet gear persons (Miller, 2008). An agent i d authorized to perform legal acts that are binding on the jump shot lead and can bind a superstar in a contract with a third person. I would be considered the principal and Delilah is my agent. This means we are both awake that Delilah will be conducting the business with the third society rather of me (Miller, 2008). To determine the liability of contracts the principal must let on to the third party.

A partially disclosed principal is a principal is whose identity is not receiptn by the third party, barely the third party knows that the agent is or may be acting for a principal at the time the contract is made (Miller, 2008). An undisclosed principal is a principal wh o is little-known by the third party and th! e third party has no knowledge that the agent is acting in an agency aptitude at the time of contract. Evon knew my identity at the time Felipe, who did not know Delilah was acting on behalf of someone but knew someone means still a contract. Giorgio who did not know that Delilah was acting on anyones behalf would not be considered a contract because the third party...If you want to get a full essay, order it on our website: OrderEssay.net

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