Serges is the owner of a retail meat marketing business. Without authority his managing agent borrowed $3,500 from David, on Serges's behalf, for use in Serges's business. Serges paid $200 on the alleged loan and on several other occasions told David that the full balance owed would eventually be paid. He then disclaimed liability on the debt, asserting that he had not authorized his agent to enter into the loan agreement. Should David succeed in an action to collect on the loan?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Serges is the owner of a retail meat marketing business. Without authority his managing agent borrowed $3,500 from David, on Serges's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On January 3, 2018, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. There was no goodwill or other cost allocation associated with the investment.
Answers (1)
Describe the growth and development of the rail industry and what impact it had
Answers (1)
Mary jo spends $2,180 to buy stock in two companies. she pays $23 a share to one of the companies and $20 a share to the other.
Answers (1)
How does a manager's mindset that sees employees as an expense to be controlled affect the ways that he or she sees their human resource strategy? How would this change if the manager's mindset saw staff as an appreciating asset to be invested in?
Answers (1)
The following list shows the items and prices for a restaurant order. Calculate the total amount if there is a 7% tax and the customer leaves a 20% gratuity.
Answers (1)
New Questions in Business
The Romer and Romer 2010 paper in the American Economic Review found that tax changes that are made to promote long-run growth or to reduce an inherited budget deficit tend to result in ___.
Answers (1)
Assume that Social Security promises you $ 41,000 per year starting when you retire 45 years from today (the first $ 41,000 will get paid 45 years from now).
Answers (1)
After studying the political economy of modern Germany, Helge concludes that we must consider the world capitalist economy as a single unit instead of looking at individual countries. His view is best described by what theory or set of theories?
Answers (1)
What is the best way to scare someone so bad that they pee them selfs? lol go to get my bff back.
Answers (2)
Suppose there are 5 million unemployed workers seeking jobs. after a period of time, 1 million of them become discouraged over their job prospects and cease to look for work. as a result of this, the official unemployment rate would:
Answers (1)