Author Question: The agent's ability to transact business on behalf of and for the principal depends on whether the ... (Read 38 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
The agent's ability to transact business on behalf of and for the principal depends on whether the agent possesses:
 a. actual authority
  b. apparent authority c. quasi-authority
  d. actual or apparent authority
  e. actual or apparent authority or quasi-authority

Question 2

Online Acceptance. Stewart Lamle invented Farook, a board game similar to Tic Tac Toe. In May 1996, Lamle began negotiating with Mattel, Inc, to license Farook for distribution outside the United States. On June 11, 1997, the parties met and agreed on many terms, including a three-year duration, the geographic scope of the agreement, a schedule for payment, and a royalty percentage. On June 26, Mike Bucher, a Mattel employee, sent Lamle an e-mail titled Farook Deal that repeated these terms and added that they ha



angrybirds13579

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

d

Answer to Question 2

Online acceptance
Under the Uniform Electronic Transactions Act (UETA), which most states have adopted, a record or signature may not be denied legal effect or enforceability solely because it is in electronic form. Under the federal Electronic Signatures in Global and National Commerce (E-SIGN) Act, no signature may be denied legal effect solely because it is in electronic form. Thus, under either of these statutes, Bucher's name on the e-mail could be considered a valid signature. Outside these laws, an important consideration in determining whether parties have entered into an enforceable contract is the Statute of Frauds. In Lamle's action against Mattel, the party to be charged is, of course, Mattel, one of whose employees (Bucher) wrote the e-mail. Bucher's name at the end of the note could be given effect as a valid signature under the UETA or the E-SIGN Act, thus satisfying the Statute of Frauds. If the parties had a binding oral agreement, the material terms of which were included in the e-mail, Bucher's signature would bind his employer to it.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

For a complete list of videos, visit our video library