Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 13, Problem 3TS
Summary Introduction
Case summary:
Company E offered information, products and, services to IT professionals through a family of websites for tasks and giving solutions in business. Person S joined as Vice President, Worldwide Content signing non-compete agreement which stated that he cannot join in a company directly competing with company E for a period of 12 months after his termination.
To discuss: Which side should prevail.
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Brandt Crossing Investments, Inc., was a family-owned property investment organization, investing in undeveloped properties when prices were low and then selling them when prices went up. Among its holdings, Brandt Crossing owned fifty acres of undeveloped land next to another fifty acres of undeveloped land owned by Khloe Hadid.
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What statutory protection is offered to a third party who enters into a contract with a person purporting to act on behalf of a company which is not yet formed?
An agent is NOT personally liable on a contract made with a third party when:
1)
neither the existence, nor the name of the principal is known to the third party.
2)
the name and existence of the principal are known to the third party.
3)
the agent makes the contract with the third party in his/her personal capacity as a co-signor or obligor with the principal.
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the existence, but not the name of the principal is known to the third party.
Chapter 13 Solutions
Smith and Roberson’s Business Law
Ch. 13 - Prob. 1COCh. 13 - Prob. 2COCh. 13 - Prob. 3COCh. 13 - Prob. 4COCh. 13 - Prob. 5COCh. 13 - Prob. 1QCh. 13 - Prob. 2QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5Q
Ch. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Prob. 8QCh. 13 - Prob. 9QCh. 13 - Prob. 10QCh. 13 - Prob. 12CPCh. 13 - Prob. 13CPCh. 13 - Prob. 14CPCh. 13 - Prob. 15CPCh. 13 - Prob. 16CPCh. 13 - Prob. 17CPCh. 13 - Prob. 18CPCh. 13 - Prob. 19CPCh. 13 - Prob. 20CPCh. 13 - Prob. 21CPCh. 13 - Prob. 22CPCh. 13 - Prob. 23CPCh. 13 - Prob. 1TSCh. 13 - Prob. 2TSCh. 13 - Prob. 3TS
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