NOTE: THIS IS THE LAST REQUIRED DISCUSSION BOARD QUESTION. Bob owns a bar named
ID: 1103397 • Letter: N
Question
NOTE: THIS IS THE LAST REQUIRED DISCUSSION BOARD QUESTION.Bob owns a bar named Bob's Beer Bar. Bob sells all his interest in the bar to Joe, who agrees to allow Bob to continue to manage the bar. Joe does not change the name of the bar. Joe authorizes Bob to order certain items for the business, such as beer, sodas, juices, and napkins. However, in addition to those authorized items, Bob orders expensive French wine, Cuban cigars,and Russian caviar. These items are shipped from World Imports, Inc., to Bob's Beer Bar, but the business is not able to pay for them. However, Joe begins making payments to try to cover the purchases,primarily because the caviar has been selling well at the bar. World Imports, Inc. sues Bob's Beer Bar and Joe for the unpaid monies. In business law:
1. Who wins?
2. What are their arguments?
3. What legal theories should they use?
NOTE: THIS IS THE LAST REQUIRED DISCUSSION BOARD QUESTION.
Bob owns a bar named Bob's Beer Bar. Bob sells all his interest in the bar to Joe, who agrees to allow Bob to continue to manage the bar. Joe does not change the name of the bar. Joe authorizes Bob to order certain items for the business, such as beer, sodas, juices, and napkins. However, in addition to those authorized items, Bob orders expensive French wine, Cuban cigars,and Russian caviar. These items are shipped from World Imports, Inc., to Bob's Beer Bar, but the business is not able to pay for them. However, Joe begins making payments to try to cover the purchases,primarily because the caviar has been selling well at the bar. World Imports, Inc. sues Bob's Beer Bar and Joe for the unpaid monies. In business law:
1. Who wins?
2. What are their arguments?
3. What legal theories should they use?
Explanation / Answer
1.Bob wins
2.Joe exceeded his mandate of ordering for more product than advised than his boss Joe was culprit of exceeding his mandate of ordering the greater products than advised by his boss.
3.Agency and principal theories are the main theories which can be implemented by these individuals. If any agent who enters in any illegal agreement or contract of those which have the chances of contradicting the instruction of the principal , then agent should be held responsible for all of his actions.
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