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Commercial and Consumer Law Notes

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1. Drawadiagram a. Whoistheprincipal b. Whoistheagent c. Who is the 3rd party 2. Makeanoteofwhoistryingtoenforceagainstwho a. Is the 3rd party wanting to sue for the balance of the K price? i. If they fail, they will want to sue the agent for breach of warranty of authority. b. Is the principal wanting to ratify but the 3rd party is resisting? c. Does the conduct of the agent need to be attributed to the corporate principal?

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91 Pages Complete Study Notes < 1 Year old
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Topics this document covers:
Law Agency law Business law Contract law Legal professions Law of agency Principal Apparent authority Ratification Agency agreement Undisclosed principal Guarantee
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Law Agency law Business law Contract law Legal professions Law of agency Principal Apparent authority Ratification Agency agreement Undisclosed principal Guarantee
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a. Might be unable to recover because i. The seller is insolvent, so will then want to seek the manufacturer/importer as an alternative source of compensation;; or ii. No terms could be implied into the K between the buyer and seller, or no terms of the K were breached by the seller;; or iii. The goods were given to the plaintiff as a gift. 2. For this cause of action to apply, there must be 3 parties: a. The manufacturer who created the goods;; b. The retailer who sold the goods to the plaintiff;; and c. The consumer, who bought the goods from the retailer. 3. At CL, the manufacturer is a stranger to the K with the retailer, so it cannot be ...
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