What kind of agency authority does the clerk have

Assignment Help Other Subject

Reference no: EM131843355

Question: 1) Assume a buyer buys a watch, which comes with a written 1-year warranty, from a clerk at Macy's Department store.

a) What kind of "agency authority" does the clerk have that allows it to sell Macy's watch to buyer?

b) If the watch ceases operation after six months, can the buyer sue Macy's for breach of contract and warranty? Explain. (This is an easy question; don't overthink it.)

c) Can the buyer also sue the clerk, who sold the watch to buyer, for breach of contract? Explain with agency principles.

d) Does the clerk have "implied authority" to extend the warranty period to 2-years by crossing out the 1-year, writing in 2-years, and putting her or his initials next to the change in warranty? Explain with agency principles.

Reference no: EM131843355

Questions Cloud

The payback method for evaluating investment decisions : What are the advantages and drawbacks to using the payback method for evaluating investment decisions?

What are the burdens on each party : Annie, an asian woman applied for a security guard job with steel protective services (sps), a private security firm. SPS provides businesses with guards.

Relationship between the required return and the stock price : What if you want a return of 8 percent? What does this tell you about the relationship between the required return and the stock price?

Company stock price-baskett co : If the company plans to pay a dividend of $4.25 next year, what growth rate is expected for the company's stock price?

What kind of agency authority does the clerk have : Assume a buyer buys a watch, which comes with a written 1-year warranty, from a clerk at Macy's Department store.

What is the required return-smiling elephant : Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $3.45 dividend every year, in perpetuity

What is the current dividend per share : If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

Ethical consideration of bann or restrict the import of cars : What are the possible ethical considerations of banning or restricting the import of cars that do not meet certain emission standards?

What is the required return : If the stock currently sells for $39.85 per share, what is the required return?

User Account

All Pages