Author Question: Ann Frazer has just purchased a new Maserati. Ann will be borrowing the money from her bank. Ann ... (Read 122 times)

lilldybug07 · **on:** Jun 24, 2018

Ann Frazer has just purchased a new Maserati. Ann will be borrowing the money from her bank. Ann signed the contract at 8:00 PM at the dealership and her bank will not be open until 10:00 AM the following day. Ann:
A) has a contract regardless of whether her bank approves her loan.
B) has made a conditional acceptance and has no contract.
C) will be excused from her contract if the bank does not approve her loan.
D) None of the above

Question 2

There is no apparent authority in an undisclosed principal relationship.
Indicate whether the statement is true or false