Details of an important business contract

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Reference no: EM13297673

Answer each of the following questions in 2 to 4 sentences. Each answer is worth 5 points.

1. Bud had his agent, Brody, meet with Joey to work out the details of an important business contract. Joey didn't know that Brody was acting on Bud's behalf. If Joey thinks the contract isn't being adequately performed, whom may he hold liable? Why?

2. Sally and Burt enter an agreement in which Sally agrees to purchase Burt's house.

Burt owes Lisa a large amount of money, and in the agreement, Sally agrees to pay the money for the house directly to Lisa. What rights, if any, does Lisa possess under this contract? Why does she possess these rights?

Reference no: EM13297673

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