Multiple Choice
Jack, as a disclosed agent for Mike, purchases two tons of wheat on credit from Bryan. According to the agency contract, Jack is entitled to make such purchases under Mike's name. However, Mike refuses to make payment. Which of the following is true?
A) Jack can make part-payment and thereby complete the sale.
B) Bryan can sue Mike for damages.
C) Jack can refuse payment to Bryan on the basis of an unauthorized sale.
D) Mike can sue Jack for wrongful purchase and terminate the contract.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: When an agency agreement does not state
Q10: A principal may ratify an unauthorized contract
Q11: A principal ordinarily does not have liability
Q12: Which of the following is a duty
Q13: An agent does not incur liability for
Q15: The acts of an agent that constitute
Q16: Kerry appointed Stacy as his agent to
Q17: The termination of a corporation's operation except
Q18: When an agency is terminated by operation
Q19: An agent does not incur personal liability