Author Question: Jim agreed to show Donna's car to a potential buyer. Donna was not able to be home since she had to ... (Read 127 times)

bio_gurl · **on:** Jun 24, 2018

Jim agreed to show Donna's car to a potential buyer. Donna was not able to be home since she had to attend a meeting. After showing the car, Jim left the keys in it and the car was stolen. Which statement is correct?
A)Since Jim is a gratuitous agent, he will only be liable for the loss of the car if his conduct constitutes gross negligence.
B)Since Jim is a gratuitous agent, he will be liable for the loss of the car if his conduct constitutes ordinary negligence.
C)Since Jim is a gratuitous agent, he has no liability for the car.
D)Since Jim is a gratuitous agent, he is strictly liable for the loss of the car.

Question 2

If the issuing bank accepts documents that contain a discrepancy, the bank cannot seek reimbursement from the account party, its customer.
Indicate whether the statement is true or false