Topic: Law of agency
Summary of Facts:
Company Star Boat employed Tom as the manager for marketing and sales department. Being an agent for Star Boat, Tom frequently concluded contracts with a number of suppliers for acquiring certain parts to manufacture boats. Smooth Sailing was one of the suppliers. Tom resigned from Star Boat in July 2012 upon being offered a better position in Star Ferry. However, he acquired 4,000 parts from Smooth Sailing in August and manager of Smooth Sailing did not notice that in the contract Tom indicated his signature as “manager, Star Ferry” and thought they were dealing with Star Boat as usual. When Smooth Sailing later notified Star Boat to make payment, Star Boat wanted to ratify the contract.
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L & Co dispatched the goods on credit to Blenkarn, who resold 250 dozen to Cundy. Blenkarn did not pay for the goods. L & Co sued Cundy to recover the handkerchiefs. It was held that the contract between L & Co and Blenkarn was void for unilateral mistake. L & Co intended to deal with Blenkiron & Co, not Blenkarn. Cundy was liable to return the handkerchiefs to L & Co because no right of ownership had passed to him.
Lewis v. Avery (1971)
Lewis sold his car to a man who claimed to be Richard Greene, a popular star. The man paid by cheque, providing a film studio pass as a proof of his identity. He sold the car to Avery. The cheque had been taken from a stolen cheque book and was later dishonoured. Lewis sued Avery to recover his car. It was held that this contract cannot be voided as the plaintiff cannot show the importance of identity. The mistaken belief to the credibility of act is not sufficient.
Comparison:
Comparing the legal issue between Cundy v. Lindsay (1876) and our case, both cases have the unilateral mistake. Cundy v. Lindsay can be voided because the identity was vital for them to form a contract.
For the second case Lewis v. Avery (1971) compare with our case, both are also have the unilateral mistake. But the case Lewis v. Avery cannot be voided as it cannot show the importance
The contract was for a total of 62,748 jogging suits that would be custom made for girls and boys. The total contract price was for $ 749,103.60 that included the shipping of the merchandise, which would be shipped within six purchase orders. On or about August 29, 1994 they (Goody’s) terminated their contract in writing, which validates a right to cancel. The parties agreed to amend the first shipment date, Goody’s deny that all other shipment dates were to be amended as well. Goody’s feel that there was any “wrongful, unlawful, or without good cause or justification” eras on their behalf.
We learned in class that courts try to be consistent and that is what happened is this specific case. Lemon v. Kurtzman created the test that kept rearing its ugly
A decision of a federal appellate court other than the U.S. Supreme Court-Feggans v. Billington, 677 A.2d 771, 775 (N.J. Super. Ct. App. Div. 1996), Bainhauer v. Manoukian, 520 A.2d 1154, 1166 (N.J. Super. Ct. App. Div. 1987)
Respondents do not defend the legal reasoning of the Court of Appeals. Nevertheless, since this Court reviews judgments, not opinions, we must determine whether the Court of Appeals' legal error resulted in an erroneous judgment on the validity of the regulations.
Under the Ninth Circuit’s approach, it cannot be said that this claim is “unrelated to the
The Brandenburg v Ohio, Chaplinsky v New Hampshire, and Terminiello v Chicago are important cases to examine when
In the case sub judice, we are called upon to adopt one of two polarized positions by holding either that this is one of the infrequent instances where a trial court has abused the discretion vested in it, or, alternatively, we are asked to endorse the equally exceptional position that this is the first “unusual and compelling circumstance” since the Court of Appeals adopted this articulation of the rule in 1975. A. S. Abell Co., 274 Md. at 721. After weighing the considerations that are woven through our authorities on this subject; namely, judicial economy, comity, and control of the litigation; we hold that the trial court abused its discretion by denying Volkman’s motion for summary judgment.
The decision of Finlay C.J. in that case also meant that the unconstitutional act had to be “deliberate and conscious”, in the sense of being not accidental or unintentional. This meant that the person whose rights were infringed did not have to show that
A critical analysis on the decision in Walker v New
In the case of Meehan v Jones the issue for this specific situation was whether or not an enforceable contract that was presented for a subject to finance clause was illusory. A contract for the sale of land upon which was situated in the land of Roma in Queensland was entered into.
If a judge decides, for some reason that the facts in the case before him are so different from those of a previous similar case, he is at liberty to ignore the precedent and treat the case differently. He can decide the case as he thinks fit.
If an agency relationship is in existence, the principal is responsible for the agent’s actions.
An agency by necessity (negotiorum gestio – management of affairs) occurs when and where an agent does what is vital to preserve a principal’s assets, where the principal is not in a position to do so himself (e.g. because the person cannot be contacted), and where it is likely that authority would have been given. The agent (gestor) can get his expenses and be relieved of any liability (Fernie v Robertson 1871). “The agency by necessity is devoid of prior approval or consent when an
Inman [1908] 2 KB 1, the plaintiff who is a tailor enter into a contract to supply the defendant who is an undergraduate student with, amongst other necessities, 11 luxurious waistcoats. The defendant who was a minor already has enough supplies of clothes supplied by his father. When the plaintiff claimed for reimbursements for these clothes, the defendant sought to rely on lack of capacity to contract and refused to pay. The courts ruled that though the clothes were suitable to the defendant’s life, they were not considered a necessary as the defendant already had sufficient clothing. Hence, the defendant is liable to reimburse for the
The agency theory examines the relationship between the principle and agent under the assumption that that individuals act in their own self-interest in order to maximise their personal wealth. This conflict of interest creates agency costs that are borne by the principle. The agency problem is apparent in debt contacting relationships where the firm is assumed to be acting in the interests of its shareholders when borrowing money from the debt holders. Agency costs are incurred by the debt-holder when a firm engages in opportunistic behaviours in an attempt to expropriate wealth away from its debt holder. As a result, the debt holder faces an increased risk of lending the funds to the firm. There are four common opportunistic actions that firm can take in order to expropriate wealth from its debt holder