Agency in existence at time contract for signed football

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Reference no: EM132041001

Andy is a renowned, rich financial advisor living in the city of St. Louis. Justin, Andy’s friend, tells Edward that he is Andy’s agent for the purchase of a rarely signed football. Justin even shows Edward an online newspaper article mentioning Andy’s interest in a signed football collection. Edward, knowing of Justin’s friendship with Andy, contracts with Justin to sell a rarely signed football valued at $15,000 to Andy. Justin takes the signed football and disappears with it. On the payment date, Edward tries to collect from Andy, claiming that Justin’s agency made Andy liable. Andy does not deny that Justin was a friend, but he claims that Justin was never his agent. Was an agency in existence at the time the contract for the signed football was made? Could Edward hold Andy liable? Explain your answers! Must be 115 words or more.

Reference no: EM132041001

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