Essay
Barnes agrees with Morgan to enter into the management of a new subdivision of residential housing. Morgan appoints Barnes as his manager for the duration of the development program. During the course of the construction, Barnes decides to use funds specified for the subdivision for an office space project that Barnes alone has been interested in completing. Morgan is very angry on learning of Barnes' actions and terminates the agency. Barnes insists that the agency cannot be terminated in this manner. Is Barnes correct?
Correct Answer:
Verified
No. Morgan hired Barnes to manage a new ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q25: An agent is under a duty to
Q26: When a principal dies, the agency is
Q27: A principal may ratify an action taken
Q28: John's son was not his agent but
Q29: For a principal to ratify the actions
Q31: When an unauthorized act is ratified, the
Q32: A(n) _ gives an agent an interest
Q33: If a store owner places Joe as
Q34: An agent appointed by a power of
Q35: A _ agent is authorized by the