Author Question: Mrs. O'Leary hired Jenna to sell her house in Michigan. She executed a power of attorney in favor of ... (Read 491 times)

vicky · **on:** Jun 24, 2018

Mrs. O'Leary hired Jenna to sell her house in Michigan. She executed a power of attorney in favor of Jenna authorizing her to do anything and everything associated with the sale of real estate, acting as a prudent person. On May 30, Jenna finalized a deal with Brandon for the purchase of the house. Brandon and Jenna signed the real estate contract that day. Jenna learned the next day that Mrs. O'Leary had died May 29.
A)The contract is void since the agency terminated May 29.
B)The contract is valid since the agency's purpose was achieved before Jenna was notified of Mrs. O'Leary's death.
C)The contract is voidable at the option of Mrs. O'Leary's estate.
D)The contract is voidable at the option of Brandon.

Question 2

The issuing bank will honor the draft as long as the documents appear to be in good order on their face and correspond to the terms of the letter of credit, regardless of the conditions of the goods received.
Indicate whether the statement is true or false