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| Reply To: | Academy of Legal Studies in Business (ALSB) Talk |
| Date: | Sat, 17 Jun 2006 14:27:53 -0500 |
| Content-Type: | text/plain |
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I suspect that the agent has exceeded authority, but has apparent
authority, which would mean that the contract is binding and the agent is
liable to the corporation
At 02:05 PM 6/17/2006, Lee Reed wrote:
>As long as we're talking about how many angels can dance on
>the head of a contract, has Pat's VP for Finance--an undoubted
>agent--exceeded his authority by a unilateral mistake in such
>a way to make himself or herself personally liable to Pat's
>friend (and others) who relied on the .07 option promise?
**********************************************************
Frank Cross
McCombs School of Business
The University of Texas at Austin
1 University Station B6000
Austin, TX 78712-1178
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